Chainlink (LINK) Is Running Out Of Room

CHAINLINK (LINK) has been in a long accumulation period for over 4 months now and it is lately running out of room in a symmetrical triangle. As markets are very bullish and all Altcoins are popping in waves one by one, LINK has been very much silent for an extended period of time. If you want to invest in crypto and have some solid gains with minimum risk, LINK is one of those safer bets you may get in the market. You may either buy the breakout of the triangle or dollar cost average your investment and let it ride the wave.

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Chainlink cooperated well with Bitcoin and popped out of the triangle and touched 2 of our targets on the chart. Chainlink, with its strong fundamentals will grow much higher during 2021, so you may hold it for the long run or think of taking some profits.