But first a very significant dip. I noticed a 5 wave fractal that repeats before each major pump. The January and February pumps fooled everybody to think it is the big pump, but as evident from the BTC pair it is not, it is just an overextended 4th wave of this fractal, and this why on the lower time frames the price action is choppy and not strongly parabolic.
The fractal I am talking about is not an EW wave, it is just 5 waves that are shaped similarly.
The $500 target is a rough estimate that assumes that the market cap will test the channel resistance at 236 billion, but it can just reach the midline at 38 billion and get rejected again. 236 billion is extrapolated to be roughly $500 per link coin.
In summary, link will dump significantly then pump significantly.
The fractal I am talking about is not an EW wave, it is just 5 waves that are shaped similarly.
The $500 target is a rough estimate that assumes that the market cap will test the channel resistance at 236 billion, but it can just reach the midline at 38 billion and get rejected again. 236 billion is extrapolated to be roughly $500 per link coin.
In summary, link will dump significantly then pump significantly.
