$LINK Nearing Breakout Level - Strong Buy

3 May 2018

LINK (ChainLink) is an undervalued project I have been monitoring for the past few months. Chainlink is the only project focusing on being a decentralized oracle provider that has a MASSIVE use case, partnerships like Request Network, ZeppelinOS, SWIFT and the LINK token can be staked in pools in the future to provide passive income.

Initial Entry - 5175 Sats ($0.49)

Analysis:

- Long-term Descending Triangle Broken (Red)
- Ascending Triangle Nearing Breakout Level (Green)

Breakout Level: 6175 Sats ($0.59)

Target 1: 6928 Sats (33.6%)
Target 2: 7681 Sats (67.3%)
Target 3: 9187 Sats (134.6%)