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LINK Finally Breaks its Accumulation Phase in the Wyckoff Pattern

Published 11/09/2023, 08:10 PM
Updated 11/09/2023, 08:15 PM
LINK Finally Breaks its Accumulation Phase in the Wyckoff Pattern
LINK/BTC
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  • Crypto analysts were surprised by the long accumulation period, which lasted more than a year.

  • LINK performs well, making higher highs and high lows within the past week; it reached $14.9—the highest for the week.

  • If the LINK bulls keep pushing hard, Chainlink has the potential to reach $18.

Crypto trader and investor who goes by the pseudonym Daan Crypto Trades shared his thoughts on Chainlink (LINK). In particular, he stated that LINK was following the Wyckoff pattern and was going through the accumulation phase. The analyst was surprised by how long the accumulation phase lasted.

When looking at the weekly chart, LINK has been gaining value and making higher highs. The token was trading at $11.29 when the markets opened for trading. On the first day, LINK crashed below the opening market price and reached its weekly lowest price of $10.66. On the se…

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