LINK - DOESN'T LOOK GOOD AT ALL - $0.89 - CryptoManiac101
LINK / USD TA + FRACTALS
What do we have here?
Here we have a coin that was over hyped with 'bullish' news and from what it looks like right now, it hit its ATH of $4.81 and is tracking downwards. Even though I do still believe in the team behind LINK, we do see that the tech is not there yet... In order words, it's not yet ready for real life utilization, which is what many investors realized in early July and started to sell.
Quick Q and A
Do I see LINK going to new ATH?
Yes, I do see LINK making at new ATH in near future, BUT I do not see it going there this year unless it develops real utility.
Would you sell LINK at current price if you were holding it?
Yes, but I would probably leave around 5% of my portfolio in it for long term just in case.
Would you buy LINK at current price?
I would not buy LINK at current price because I see other projects with possibly more shorter term potential.
At what price would you recommend getting back in LINK?
From current TA I would start looking at getting in at around 80 cents, BUT again, it would depends on patterns, trends and news that we would have at that time.
I am not your financial advisor, do not invest what you can't afford to lose.
What do we have here?
Here we have a coin that was over hyped with 'bullish' news and from what it looks like right now, it hit its ATH of $4.81 and is tracking downwards. Even though I do still believe in the team behind LINK, we do see that the tech is not there yet... In order words, it's not yet ready for real life utilization, which is what many investors realized in early July and started to sell.
Quick Q and A
Do I see LINK going to new ATH?
Yes, I do see LINK making at new ATH in near future, BUT I do not see it going there this year unless it develops real utility.
Would you sell LINK at current price if you were holding it?
Yes, but I would probably leave around 5% of my portfolio in it for long term just in case.
Would you buy LINK at current price?
I would not buy LINK at current price because I see other projects with possibly more shorter term potential.
At what price would you recommend getting back in LINK?
From current TA I would start looking at getting in at around 80 cents, BUT again, it would depends on patterns, trends and news that we would have at that time.
I am not your financial advisor, do not invest what you can't afford to lose.
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