Parabolic

Bull Flag

Bitcoin

Read

<ul> 
 <li>Many altcoins show bullish signals along with Bitcoin price chart despite market dip</li> 
 <li>Chainlink price chart shows bull flag signaling parabolic price pump.</li> 
 <li>Analyst says LINK price to $35-$40 by the end of August is high.</li> 
</ul> 
<p>The crypto market experiences a sudden dump following the successful launch of ETH ETFs. As many crypto analysts suspected, the price of ETH dipped after its ETF launch, much like Bitcoin (BTC) price dipped after the BTC ETF launch.&nbsp;</p> 
<p>While Bitcoin dipped by 20% after its ETF launch, ETH has only dropped by a significantly smaller amount. The reputed silver-tongued crypto analyst, Doctor Profit, expects ETH to not fall as much as BTC did and <a href="https://cryptonewsland.com/14000-eth-ath-after-etf-launch/" target="_blank" rel="noreferrer noopener">pump three times more than BTC’s pump</a> due to their difference in market cap.&nbsp;</p> 
<p>While BTC and ETH took a tumblr, altcoins are printing bullish signals. The greater crypto community awaits the long-anticipated arrival of the golden bull run phase, bringing with it the long-awaited altseason.&nbsp;</p> 
<p>So far, it looks like altcoins too are presenting a similar eagerness to that of the global crypto community. Presently, many altcoins are mimicking Bitcoin’s chart pattern to signal massive bullish flags. One analyst says the Bitcoin chart has just printed a <a href="https://cryptonewsland.com/178000-btc-price-possibility-bull-flag/" target="_blank" rel="noreferrer noopener">$178,000 price spike trajectory</a>.</p> 
<p>In the same line altcoins like WadzPay (WTK), VeChain (VET), JasmyCoin (JASMY), Cardano (ADA), and many other altcoins are showing bullish signs. In particular, one analyst highlights <a href="https://chain.link/" target="_blank" rel="noreferrer noopener nofollow">Chainlink (LINK)</a>.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/ChainLink?src=hash&amp;ref_src=twsrc%5Etfw">#ChainLink</a> <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw">#LINK</a> <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> produced a bull flag below the major supply zone around $17.4<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f403.png" alt="🐃" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Generally it's a bullish sign and signals of the incoming breakout<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Bullish<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto Traders-join Telegram<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/caOlZBzS3k">https://t.co/caOlZBzS3k</a> <br>… <a href="https://t.co/Aqfxjm9N3D">pic.twitter.com/Aqfxjm9N3D</a></p>— Whales_Crypto_Trading 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@WHALES_CRYPTOx) <a href="https://twitter.com/WHALES_CRYPTOx/status/1816165906705523166?ref_src=twsrc%5Etfw">July 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>As we can see from the post above, LINK has produced a bull flag below the major supply zone at around $17.4. The analyst explains that this bullish sign unusually signals an incoming breakout.</p> 
<p><a href="https://x.com/nicucrypto/status/1816104720894754916">https://x.com/nicucrypto/status/1816104720894754916</a></p> 
<p>Adding onto this narrative for a bullish LINK price spike is an analyst who noticed that LINK is trading in a falling wedge pattern which could lead to a bullish break towards the $35 price mark. The analyst expects to see the <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noreferrer noopener nofollow">price of LINK</a> at $35-$40 by the end of the month of August.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/178000-btc-price-possibility-bull-flag/">$178,000 BTC Price Possibility Appears as Massive Bull Flag Signal Prints on the Bitcoin Monthly Chart</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-price-movement-shows-a-strong-bullish-setup-is-this-the-100000-reversal-signal/">Bitcoin Price Movement Shows a Strong Bullish Setup, Is This the $100,000 Reversal Signal?</a></li> 
 <li><a href="https://cryptonewsland.com/top-analyst-decodes-xrps-bull-flag-can-it-reach-new-all-time-high/">Top Analyst Decodes XRP’s Bull Flag: Can It Reach New All-Time High?</a></li> 
 <li><a href="https://cryptonewsland.com/binance-audit-findings-raise-red-flags-analyst-says/">Binance Audit Findings Raise Red Flags, Analyst Says</a></li> 
 <li><a href="https://cryptonewsland.com/shibs-technical-analysis-bullish-flag-spotted/">SHIB’s Technical Analysis: Bullish Flag Spotted!</a></li> 
</ul>         
<p>The post <a href="https://cryptonewsland.com/chainlink-35-link-price-within-reach/">$35 LINK Price Within Reach, Analyst Finds Parabolic Bull Flag Signal in Chainlink’s Price Chart</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

$35 LINK Price Within Reach, Analyst Finds Parabolic Bull Flag Signal in Chainlink’s Price Chart

Crypto News Land

Další články publikované 25. 7. 2024

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Prime Machin Case Study for Sui

Bitcoin Price Prediction As Kamala Harris Snubs Trump Showdown At Bitcoin 2024 Conference In Nash...

Could Bitcoin Slip to $60K? IF Bull Fails To Overcome $66K, Update On Altcoin

Coinbase Adds Support For These 3 Major Crypto, Prices To Rally?

North Korean Hackers Suspected in $235M WazirX Crypto Heist

Join our free newsletter for daily crypto updates!