Top Analyst Spots Buy Signal for Chainlink (LINK) Above This Support, Shares Price Target

A popular crypto analyst known as Ali on X is calling attention to a promising technical pattern emerging on the charts for Chainlink (LINK). According to Ali’s latest analysis, the TD Sequential indicator is flashing a buy signal on LINK’s 12-hour chart.

The TD Sequential is a market timing tool that attempts to identify price momentum using advancing and declining momentum indicators. When the indicator presents a specific bullish or bearish countdown pattern, it can signal an impending trend reversal.

In Ali’s view, if Chainlink manages to hold above the $13.87 support level, the token could be gearing up for a strong rebound towards $15.50. Ali shared this analysis in a recent tweet, stating:

“The TD Sequential is flashing a buy signal on the #Chainlink 12-hour chart! If $LINK stays above the $13.87 support, we could see a strong rebound to $15.50.”

Chainlink is a decentralized oracle network that aims to connect smart contracts on the blockchain with real-world data. LINK is the cryptocurrency token used to pay Node Operators for retrieving data for smart contracts.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

At the time of writing, LINK is trading at around $13.95, down nearly 5% over the past 7 days according to data from CoinMarketCap. The token has a market capitalization of over $8 billion, making it the 16th largest cryptocurrency by that metric.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
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.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo