![Chainlink Flashing Signals of Next Major Rally, Analyst Shares Next LINK Target](https://captainaltcoin.com/wp-content/uploads/2023/09/Copy-of-P2P-Review-13.png)
An analyst on Tradingview by the name evasivesteering made a post about the recent price action of LINK using the Wyckoff’s Accumulation indicator. LINK price spiked to around $18.9 two days ago but was rejected back to around $17.8. Yesterday it also closed a little bearish but bulls are now gearing up to face the resistance at $18.9 again.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Evasivesteering’s analysis was able to provide an entry point for him at the major resistance (now support) that was broken around 16.9. This means that he still expects the price to pull back a little more from the current levels around $18.1 to 16.9 (the entry point). The take profit based on his analysis is at $21.5, which will be around a 30% surge.
![](https://captainaltcoin.com/wp-content/uploads/2024/02/image-149-1024x399.png)
Crucial Levels to Watch
For the analyst, waiting for his entry point to be triggered is the best. He also provides crucial situations that can invalidate his analysis. In his post, evasivesteering states:
“LINK seems to be at phase D of the Wyckoff’s Accumulation Schematic 2. I’ll wait for entry at the given area. Exit and Take Profit levels are also found in chart. The Fib levels are for Weekly TF, if any weekly candle closes below the Fib. 0.5 is also an exit signal or invalidation condition.”
He believes this is not financial advice and that risk is under the control of the trader.
You may also be interested in:
- Why Is Arcblock’s ABT Surging? How Much Would $1000 Investment in the Token Be Worth at $1 Billion Market Cap?
- If Cardano Mirrors the 2020 Path, Here’s When ADA Might Peak
- Solana (SOL) Holder Moves Over 50 Ethereum (ETH) Into Revolutionary Pushd Presale Which Is Now Still Only $0.08
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.