✴️ Chainlink vs Uniswap (Consolidation Phase Revisited)

8 Kas 2023

Ok, here we go again.

We just looked at the "consolidation phase" or accumulation on the UNIUSDT chart.
I went through the whole process of explaining the market cycles and how a bullish wave follows the current consolidation phase.

Now we turn our attention towards Chainlink, confirmation is found here of what I just shared.

I am keeping this very simple because truth tends to hide in simplicity.

For LINKUSDT, the phase where whales accumulate in preparation for the next bull-market happened between May 2022 and September 2023, in October 2023 the consolidation box/range/pattern is broken and the new trend is confirmed.

Here is Chainlink weekly (long-term) without the logarithmic scale, notice that the entire accumulation phase can be considered "flat", sideways price action when taking into account the bigger picture:

Notice how in July 2023 the highest volume weekly came in since June 2022, giving us a clue that the breakout would happen to the upside.

Here you can confirm that the consolidation phase leads to a new bullish wave.

You can check the Uniswap trade idea in the 'related ideas' below for more.

Thank you for reading.
You are awesome... You are appreciated and your continued support.

Namaste.