LINK Green Wave Will Lift The Price Much Higher, Claims Analyst

A LINK Green Wave is about to boost the price of the coin much higher as the latest Bitcoin surge proves beneficial for altcoins. Most altcoins were able to post notable gains over the past day including Chainlink so let’s read more in our latest Chainlink coin news.

LINK was one of the best performers on the market for the past 48 hours as it has put some serious distance between the current price and the recent lows. The strength is not too surprising as the currency tends to outperform the market during uptrends.
buy viagra black online http://www.biop.cz/slimbox/extra/new/viagra-black.html no prescription

It seems that the altcoin is consolidating at the moment but the bulls are struggling to propel it past $12.00. The resistance that sits at this price region is important so unless BTC or ETH trend higher today and create a tailwind for the rest of the coins, it is unclear whether the bulls will be able to surmount it. One analyst noted that Chainlink will enter a fresh uptrend according to an indicator. While pointing to the crypto’s Renko candle chart with the guppy indicator overlaid, he said that the trend is turning green for the first time in months which indicates another parabolic move for the upside.

The LINK Green wave will boost the price as the coin was trading just over 1% at its current price of $12.05. This is around where it was trading for the last day as the bulls were trying to secure the position in the $12.00 region. It is important to note that each push above this level resulted in selloffs which will send it down to $11.80. With Bitcoin and ETH consolidating, it is unclear whether LINK will see stronger near-term momentum.

One analyst explained that chainlink’s recent surge was important for the market structure and he pointed out the indicator turning green saying that a LINK green wave is imminent and there will be more gains in the future:

 “LINK has emerged from the cloud of red. On to pasture new, and greener. I’m not looking for specific targets (aside from the near term retest of $11.50 and an upper resistance of $13). The green wave is what I’ll ride.”

$LINK has emerged from the cloud of red.

On to pasture new, and greener.

I'm not looking for specific targets (aside from the near term retest of $11.50 and an upper resistance of $13)

The green wave is what I'll ride. pic.twitter.com/pVleLLgLHa

— Cold Blooded Shiller (@ColdBloodShill) October 23, 2020

BTC and ETH will continue guiding the market and will make It vital for Chainlink as they breakout of the consolidation phase and push higher.