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The Price of LINK is a runaway freight train, until it is not.

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@scaredycatguide
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For anyone that holds LINK, it has been a fun few months with price skyrocketing 400% during that time. I'm happy to say I am one of those people. Don't hold as many coins as I like after deciding not to add when it "spiked" to 4.80 and I thought a pullback would occur, but oh well happy to ride the train with what I have.

Rocket Ship Pattern

It is how to buy here for new entries, given price has gone in almost a straight line higher the prudent investor in my won't be adding until we see a legitimate pullback. Where that occurs is anyone's guess.

I'll make my guesses here though.

To be honest, it just clocked 20 today and that was my overbought price target. Pulling back here would make a lot of sense, even if it is just to 16.50 to let the 10 day moving average catch up.

I'd rather see this because that would me the potential for a longer rally is in play if price held there. If price just skyrockets from here then we are basically in crazy momo momentum land and I will look for a blow-off top.

As for the "oh shit" scenario, the 7 dollar area would represent some possible real support.

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