Chainlink has broke below a 3 year support line and also had a bearish retest of said line. If this level isnt regained, I would look for a drop to the $8 region to buy and accumulate. That would be roughly an 84% drop from the ATH and around 48% more to go down. A similar correction in Bitcoin at 48% from current levels is 20k. that would retest the old ATH and hit a 72% correction. Both looking like perfect parobolic correction levels.
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We either see a death drop soon or we will have a quick run up then death drop.
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Still looking to accumulate in the region of $8.35. The extreme bearish scenario would be a $5 touch.
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🤟