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Although many altcoins hit bottoms not seen since 2017, others such as Chainlink, Tezos, and Ethereum Classic could regain their bullish trends and reach higher highs. Take a look at the technical analysis.
Back in early July, the TD sequential indicator predicted that Chainlink was due for a major correction based on its 1-week chart. The bearish signal (in the form of a green nine) was then validated and LINK plummeted nearly 70 percent from a high of $4.80 to a low of $1.47. After such a steep correction, this technical index is now forecasting that this cryptocurrency may be bound for an upswing.
As a matter of fact, the TD sequential indicator recently presented a red nine candlestick, which is a buy signal. This, in combination with a spinning top candlestick and a move above the 7-week moving average, represent strong evidence that LINK could soon experience a bullish impulse.
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