Van de Poppe Predicts a Breakout For One Altcoin: Chainlink (LINK)

According to Michaël van de Poppe, a top crypto market analyst and pro-trader, Chainlink is ready for a breakout.

Van de Poppe shares with his 126K YouTube subscribers that Ethereum-based smart contract network Chainlink (LINK) seems to be ready for a breakout.

The analyst points out that LINK’s chart pattern is signaling a likely upward movement.

“It’s very likely that we’re going to have a breakout happening here. You see this construction quite often, in which… we are making some sort of rounded bottom.

A rounded bottom implies we’re going to have higher lows [and] higher highs quite swiftly.”

If LINK can hold a certain key level, it will continue to climb, the trader predicts.

“At this stage, if Chainlink is going to sustain above this level here, which is around 60,000 (.0006 BTC) satoshis  ($28.87), I think we are eager for a breakout to the upwards momentum.

The next run of Chainlink will be happening toward around 80,000 satoshis (.0008 BTC) ($38.50), implying a run of 30%. But then we are most likely going to get a new cycle for Chainlink as well, implying we’re going to have some serious continuation on the markets.”

At the time of writing Chainlink is trading at $31.09, with 3.4% gains on a daily chart according to CoinMarketCap.