#Chainlink🔗 monthly MACD indicator is about to have the first bullish cross up since the end of 2020
— Kevin Svenson (@KevinSvenson_) May 4, 2023
I’m long AF 📈$LINK a surprise pump is coming
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Bitcoin (BTC) imminent rally: Chainlink (LINK) will be part of it!
Wed 10 May 2023 ▪
3
min of reading ▪ by
Invest
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This prediction comes from Kevin Svenson, a crypto analyst with 126,000 followers on Twitter. He has stated that Bitcoin is gearing up for a bull run, and altcoins like Chainlink (LINK) will follow it.
Chainlink, the next altcoin on the podium?
Last March, crypto analyst Tara used Elliot wave theory to predict that the price of Bitcoin would rise to $35,400. And if the flagship cryptocurrency reaches such a peak, Ripple’s XRP will also see a 30% increase, trading at $0.57 per coin.
According to The Daily Hodl, crypto analyst Kevin Svenson has also predicted that Bitcoin is preparing for a bull run. This situation could shock bears and skeptics, considering that Bitcoin is expected to trade at $48,000 per unit soon.
This bullish outlook is also associated with another bullish season for altcoins, including Chainlink’s LINK.
This time, the observation and identification of “recurring fractal wave patterns” were set aside. Kevin Svenson had instead used the Moving Average Convergence Divergence (MACD) indicator, a tool commonly used by crypto traders looking for potential trend reversals.
PEPE and other memecoins have already taken off
Our crypto analyst did not limit his prediction to LINK. He also mentioned PEPE, which made headlines on the web last week. It’s worth focusing on this memecoin since it has seen an increase of over 5,000% in less than a month.
One of Kevin Svenson’s followers even shared his impressions for Dejitaru Tsuka, a cryptocurrency speculated to be a new creation by Ryoshi, the founder of Shiba Inu.
Regarding Chainlink, it’s also worth noting that its LINK token was part of a “winning trio” recently presented alongside Uniswap and Ecoterra.
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DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.