Latest Update
2026-10-17 07:26 UTC

Chainlink: Van de Poppe Flags Correction Windows

Chainlink: Van de Poppe Flags Correction Windows

@CryptoMichNL notes that altcoin markets experience 4-6 month upward seasons followed by 50-80% drawdowns that create accumulation opportunities, citing three heavy corrections in LINK during the 2021 cycle.

Source

Analysis

@CryptoMichNL states markets move in seasons, with the current 4-6 month upward phase unlikely to persist and altcoins facing 50-80% selloffs that serve as prime entry points.

The trader points to $LINK in the 2021 cycle, which endured three corrections exceeding 60% before delivering its major advance, and urges participants to stay risk-on or risk-off as conditions dictate while remaining calm and accumulating through volatility.

At $11.96, LINK trades inside its Bollinger Bands with the lower band at $11.91 providing immediate support and the upper band at $12.84 acting as short-term resistance; the price sits below both the EMA50 at $12.73 and EMA200 at $12.82, confirming a bearish structure reinforced by the MACD death cross at -0.17, while RSI at 34.24 leaves room for further downside before oversold conditions emerge.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast