Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $. It's technically in bear market as other tokens and altcoins, below MA200 weekly. I added some Fibonacchi and Fib circles. This chart also contains green historical support. Fractal showing how could, or would progress into a near future.
Fundamentals are also against BTC and Ethereum projects. Lower mining income could lead them to capitulate. That way miners difficulty go down. ... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382.
Let it monitor. Emvo. *This is not any financial advice.