Popular crypto analyst Kevin Svenson says leading decentralized oracle service Chainlink (LINK) is in for a big move when the altcoin markets wake up.
The analyst tells are 126,000 Twitter followers that LINK’s moving average convergence divergence indicator (MACD) predicts an unexpected upside.
Traders often keep a close eye on the MACD as it sometimes signals a possible trend reversal.
says Svenson,
“Chainlink’s monthly MACD indicator is about to have its first bullish cross-up since late 2020.
I am tall AF.
LINK a surprise pump is coming.
Svenson mentions hot memecoin Pepe (PEPE), and says a shift in capital flow from it to the bigger crypto assets like Bitcoin (BTC) and Ethereum (ETH) could send the entire market flying.
PEPE is currently up more than 5,000% in less than a month, with some analysts predicting the speculative frenzy will continue to build.
“When PEPE profits start flowing into BTC and ETH, the entire market is going to skyrocket… You forget how much leverage is available. Half a billion can = many billions in volume.”
Steven too say Bitcoin bears and skeptics alike will be shocked by the flagship crypto asset’s next move. He has previously called for a rally to $48,000, ushering in another bullish season for altcoins.
“Bitcoin is now creating a higher low along our parabolic curve, which could create the next big boost to $48,000…
That means Bitcoin theoretically has another 65% from here to the next target of $48,000. That’s a 65% move, that’s a great opportunity if it does come true…”
Don’t Miss Out – Subscribe to receive crypto email alerts delivered straight to your inbox
Check price action
follow us on Twitter, Facebook And Telegram
Surf the Daily Hodl mix
Featured image: Shutterstock/Relight Motion