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A popular crypto trader and top strategist says an altcoin is poised for an exit. Crypto analyst Michaël van de Poppe says that a large-capacity Altcoin is ready to break out. On the other hand, another crypto trader and analyst thinks that Ethereum (ETH) and Chainlink (LINK) will take a new run towards all-time highs. All details Cryptocoin. com.

LINK predictions from analyst Michaël van de Poppe

Analyst Michaël van de Poppe told 126,000 YouTube subscribers that Ethereum-based blockchain network Chainlink (LINK) appears poised for a breakout. Van de Poppe notes how the pattern in LINK’s chart indicates an upward volatility. Poppe says:

It is very likely that we will have a rupture here. You see this structure quite often, where we’re doing a kind of round bottom. A rounded bottom implies that we will have higher lows [and] higher highs fairly quickly.

Van de Poppe says that if LINK can sustain a certain key level, it will continue to climb.

At this stage, if Chainlink is to continue above this level of 60,000 (.0006 BTC) satoshis ($28.87) here, I think we are poised for a break in the upside momentum. Chainlink’s next run will be towards around 80,000 satoshis (.0008 BTC) ($38.50), which is a 30% run. Only then will we most likely get a new cycle for Chainlink as well, which means we will have a serious continuation in the markets.

Chainlink is currently trading at $30.76, up 26% from a 30-day low of $24.38 and down 17% from a 10-day high of $36.00.

On the other hand, another popular crypto trader and analyst thinks that Ethereum (ETH) and Chainlink (LINK) will take a fresh run towards all-time highs. The crypto trader known as Pentoshi tells his 270,500 Twitter followers that smart contract platform Ethereum (ETH) is bullish on both the USD and BTC pairing after breaking the downside resistance. The analyst says:

The ETH/USD pair has now broken the downtrend line. But there can also be high lows after a sneaky retest after [support/resistance]. There is absolutely no bearish on any of these charts in any pair. But especially in BTC pair. I think ETH/BTC time is consolidation for 10 days.

Looking at the decentralized oracle network Chainlink, Pentoshi expects a run to $32 after creating a triple bottom on the charts. The analyst continues:

LINK update… at [Low time frame] resistor. It looks like $32 later. Good volume from the triple bottom and nice inefficiency to fill… above that = $36-37.

Stacked against bitcoin, he notes that the oracle token appears to have reached a bottom, forming higher peaks against the top coin. Waiting for LINK to rise to the level of 0.00111952 ($57.60) BTC:

Finally, I like the similarities of what’s being built here from the biggest rally in the past on LINK. It’s making weekly debuts and has been forming [high high + low low] in quick succession over the past months. Markets love symmetry, so I believe over time the right side will match the left side.

As for Bitcoin itself, Pentoshi emphasizes that BTC has been printing higher volume and has recently achieved a golden cross in daily average indicators and historically has recorded a positive shift in momentum for the crypto markets. He says:

Shhh ok… now as a BTC [movingdollar average] trader I see a golden cross…a bull swallow candle that swallows bearish bottom sellers for 6 days, dare I say… increasing volume?


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Michael Lewis

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