Ethereum and Chainlink Break Out as Bitcoin Sustains Uptrend, Short Squeeze Continues in Crypto Market
• Ethereum (ETH) has broken out of a triangle formation on the 4-hour chart, according to analyst Inmortal, who believes this breakout will stick.
• Inmortal thinks Chainlink (LINK) has broken out of an ascending triangle pattern and looks primed to hit his target at $17.
• Bitcoin (BTC) has managed to sustain a strong uptrend in the past 1.5 months after printing consecutive bullish higher-low setups.
• Inmortal says all BTC shorts opened in the last 45 days are either stopped out, liquidated or underwater.
• The crypto market continues to make higher lows, so shorting is not a good idea according to Inmortal.