A widely followed cryptocurrency trader says a top utility altcoin may be poised to rise.
The analyst, known by the pseudonym Bluntz, shares with his 305,200 followers on the social media platform
“These floor structures are definitely some of my favorites to trade; BTC 2019 bottom for reference.”
He says LINK may be forming a bullish Adam and Eve pattern, which suggests an asset is threatening to overcome its horizontal resistance after hitting a bottom.
“Now that the dust has settled, beautiful soil structures are forming everywhere. Perfect Adam and Eve substructure on LINK here with a horizontal breakout.”
At the time of writing, LINK is trading at $24.44, down 4.7% in the last 24 hours.
Bluntz recently said that the decentralized finance (DeFi) sector is “risk-free” after it was revealed that the crypto project linked to US President-elect Donald Trump had accumulated tokens such as LINK.
Bluntz said:
“The…
