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.
[adinserter block="1"]“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.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
