Forecasting Upward Momentum: Analyst Envisions Breakout Rallies for Ethereum (ETH) and Chainlink (LINK)
Renowned crypto strategist Inmortal, with a substantial following of 202,500 on X, asserts a bullish outlook for Ethereum (ETH) and Chainlink (LINK).
Inmortal notes Ethereum’s breakout from a four-hour chart triangle formation, expressing confidence that this breakout is substantial. Ethereum is currently trading at $2,162, reflecting a 3.63% increase in the last 24 hours. Shifting attention to Chainlink, Inmortal observes a breakout from an ascending triangle pattern, setting a target at $17.00. With LINK currently valued at $15.92, exhibiting a 6% surge in the past day, Inmortal encourages further upward momentum.
Regarding Bitcoin (BTC), Inmortal highlights its sustained strong uptrend over the last month and a half, cautioning against short positions. Bitcoin is presently trading at $39,558, showcasing a 2% rise in the last 24 hours, while Inmortal emphasizes the market’s trend of establishing consecutive higher lows, advising against shorting.
Clever Robot News Desk 4th December 2023
