It has been the longest consolidation phase ever for Chainlink, so far a total of 475 days going sideways. Not up, not down, just sideways... Some people would say this is the worst.
Within this sideways channel we still have bearish and bullish waves. A medium-sized correction just took place and now we are preparing for a new bullish wave.
This new wave can end up right at the upper boundary of the channel or it can continue straight up. Regardless of the outcome, we will have a break from sideways action and will experience bullish growth.
We welcome change.
Positive continues to hit the market, it will soon start to add up.
Just like that, we went from bad to worse, from negative to terrible while Bitcoin continued to grow.
Now we are seeing the first pieces of positive news coming out and then, after 1-2 weeks of positive, the market catches up.
First the roots, then the trunk, the leaves, the flowers and the fruits.
This new market cycle already cemented its roots, in fact, I can clearly see a big trunk.
We are due to see some beautiful leaves and flowers, ripe fruits in 2024.
Namaste.