An analyst known as a “Master Trader” on the crypto exchange Bybit thinks an altcoin running on the Ethereum (ETH) network is ready to take center stage.
Pseudonymous analyst Bluntz tells his 301,800 followers on the social media platform X that he thinks the Ethereum-based decentralized oracle Chainlink (LINK) is poised to spark a five-wave surge to a new all-time high.
Bluntz relies on the Elliott Wave theory, a technical analysis approach that states a bullish asset often witnesses a five-wave rally.
Says Bluntz,
“Major breakout on LINK today, all you have to do is take one look at LINK/BTC before you realize that you are probably not late and still early.
It underperformed pretty much everything for the entirety of the bull run and now seems to be playing turbo catch-up.
Probably one of the very few I would categorize as a dino coin that isn’t complete vaporware.”
Looking at the trader’s…
