Long Term FIB Channels on CHAINLINK

12 nov 2020

It is not quite catching all the moves but these seem to line up with the medium to big ones. I was just trying to have a look at some mid/long term price targets, and I will be aiming to add to my position in between the $8.5-$9 area. Not quite sure about the upside but I think chainlink is very undervalued so I would not be surprised if it goes to anywhere between $48-$68, and yes I know that would be around (or more than) ETHs market cap but I think chainlink is a big deal and one of what I think of as the 3 big ones (BTC, ETH, LINK). For anyone to build something really useful on the ETH network, they are going to have to use LINK. Like going straight from your bank to a DeFi platform, or registering voter data on a blockchain so there is no question about the outcomes (just an idea), but it would have to use LINK somewhere along the way.

I know it's not too technical but it wasn't supposed to be, just a way to spot potential points of interest.