Analyst: Chainlink Could Dive Towards $8.00 Before Extending Uptrend
Chainlink has been one of the few altcoins to see some notable momentum throughout the past few days, as most altcoins have been struggling to rally despite the overt bullishness seen by Bitcoin. Analyst: LINK Could Plunge Towards $8.00 Before Gaining Any Strong Momentum
While sharing his thoughts on where Chainlink might trend in the near-term, one analyst noted that he is closely watching for a move down towards the $8.00 region.
“LINK USD: I'll be waiting for the following setup on Chainlink before I look to long; not sure if I'll get it, but a retest of that long-term trendline + HTF horizontal confluence would give a decent setup for the bulls.” Where Bitcoin and Ethereum trend in the near-term will undoubtedly have serious influence over Chainlink and other major altcoins.
