A widely followed pseudonymous crypto trader is expressing bullish sentiment on one Ethereum (ETH)-based altcoin.
Crypto analyst Bluntz tells his 223,900 X followers that blockchain oracle Chainlink (LINK) could hit a new local high after forming a bullish pattern on its US dollar, Bitcoin (BTC) and Ethereum pairs.
“We now have a clear wedge/bull flag break on LINK on all the pairs.
So far so good, expecting a new high on all 3 pairs.”
Chainlink is trading for $7.62 at time of writing. LINK is down 1.3% in the last 24 hours, but up 5.3% in the last seven days.
Earlier this week, Bluntz said that Chainlink was one of the crypto assets that was “starting to look promising” amid a bullish pattern that had begun forming.
Looking at Dogecoin (DOGE), the trader says that the leading meme coin is flashing a bullish sign. Based on Bluntz’s chart, it appears that he is forecasting Dogecoin to rally by at least 20% from the current level and reach the $0.09 price.
“DOGE looking nice again also, four-hour channel has held and the structure is beginning to shift up again on lower time frames.”
Dogecoin is trading at $0.075 at time of writing. The memecoin is down 0.7% in the last 24 hours, but up 2.2% in the last seven days.
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