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A widely followed cryptocurrency trader says a top utility altcoin may be ready to rise.
The analyst pseudonymously known as Bluntz tells his 305,200 followers on social media platform X that the decentralized oracle project Chainlink (LINK) is forming a bullish reversal pattern on the hourly chart, reminiscent of a Bitcoin move in 2019 when BTC broke through resistance at $4,220.
“These bottom structures are definitely some of my favorites to trade; BTC 2019 bottom for reference.”
Source: Bluntz/X
He says that LINK may be forming a bullish Adam and Eve pattern, which indicates an asset is threatening to take out its horizontal resistance after carving a bottom.
“Some nice bottom structures forming across the board now that the dust has settled. Perfect Adam and Eve bottom structure on LINK here with a horizontal breakout as well.”
Source: Bluntz/X
LINK is trading at $24.44 at time of writing, down 4.7% in the last 24 hours.
Bluntz recently said that the decentra

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