Chainlink's CCIP: Buy the Rumor, Sell the News

26 apr

Potential summer slowdown

There's been a noticeable uptick in criticism towards Chainlink on X, with the prevailing narrative questioning the necessity of the LINK token. I anticipate downward pressure on LINK due to Bitcoin's influence, potentially exacerbated by the voices of skeptics, who will cite CCIP GA as a failure. While this may lead to a dip in sentiment and price, it could also present better opportunities for investment.

On the chart, a nice head and shoulders with declining volume, as well as resistance from the Bull Market Support Band and the previous trendline starting in early March.

27 apr

Nota

Piercing down unless a bear trap starts taking shape

28 apr

Nota

Decent downtrend right now

30 apr

Nota

Getting close to the neckline!

5 mag

Nota

Retesting

10 mag

Nota

Still Cruising.

14 mag

Nota

Still seeing gradual downwards movement on Link (and many alts) with Bitcoin (below) still ranging and putting itself in a real inflection point. Bigger moves may be on the horizon.

14 mag

Nota

It is to note that this $12.80 - $13.00 range for LINK could be the lows before some stronger upwards movement. Hedge accordingly.

16 mag

Nota

Retesting. If successful, I will flip bullish.

16 mag

Nota

Note: I already have a bag, but not a bad idea to sit with some fiat on the side if this gets rejected

16 mag

Nota

Broken through on wild DTCC news