Chainlink Likely to See an Impulse Higher as Bulls Break Key Range
Chainlink has seen a strong push higher over the past few days, with its ongoing rise coming about in tandem with that seen by Bitcoin and Ethereum This market-wide uptrend has proven to be highly beneficial for altcoins, with many posting massive gains throughout the past few hours as bulls aim at sparking a full-blown 2017-style uptrend Because Bitcoin is showing signs of strength, with each dip being aggressively bought, there’s a strong possibility that further upside is imminent This could bolster Chainlink, which has been reacting quite positively to the recent momentum seen across the market One trader is also noting that the crypto could be on the cusp of seeing significantly further gains due to its recent break above a key trading range Bitcoin has created some serious tailwinds for the aggregated crypto market, with many altcoins posting massive gains as bulls take full control over the market. One trader is noting that a channel breakout indicates that further upside is imminent in the near-term.
Analysts Eye Serious LINK Upside as It Posts Channel Breakout One analyst is now noting that Chainlink could be poised to see further upside in the near-term due to its recent break above a key trading channel. “LINK now retesting broken upper channel, face melting wave 3 to the upside likely underway here” Image Courtesy of @SmartContracter.
