Cryptocurrencies Price Prediction: Stellar, Chainlink & Ethereum Classic — Asian Wrap 08 July

FXStreet Team FXStreet

XLM price to experience déjà vu if Stellar breaks below $0.25

XLM price is nearing the latter stage of a symmetrical triangle pattern formed in response to the noteworthy oversold condition on the daily Relative Strength Index (RSI). As a continuation pattern, the probabilities are tilted towards a bearish resolution and potentially a new low for Stellar.

Chainlink Price Forecast: LINK faces hard realities, set to decline 30%

Chainlink price has been quietly plotting a bear flag pattern since the June 22 low, tempting investors to buy LINK. Nevertheless, a break below the flag’s lower trend line will trigger the pattern and introduce a renewal of the May-June correction.

Ethereum Classic price on the cusp of a 20% advance, as ETC awaits the trigger

Ethereum Classic price is shaping a symmetrical triangle continuation pattern suggesting that price will resolve to the upside and continue the rally originating on June 22. The pattern appears close to the conclusion as ETC is nearing the triangle’s apex, encouraging investors to ready their portfolio decisions.