Chainlink: Bottom In as Higher Low Forms
Michaël van de Poppe declares the bottom is in for Chainlink after altcoins sweep recent lows and form higher lows, with the oracle token now positioned for a run toward $20 over the coming months.
SourceAnalysis
Chainlink has confirmed its bottom according to trader Michaël van de Poppe, who noted that multiple altcoins including LINK completed a sweep of recent lows followed by a higher low structure.
At $11.58 the token trades above its 50-EMA support at $11.4 while the 200-EMA at $12.13 acts as immediate resistance. The MACD golden cross remains intact and RSI at 58.07 stays neutral, allowing price to test the upper Bollinger band at $11.67 before any deeper pullback to the lower band support near $10.82.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast