Three Cryptocurrencies Could Rise Up to 80%

In recent weeks, the price of Ether (ETH) has started to register a bullish pattern known as a “symmetrical triangle”. Under the influence of this pattern, digital currency prices often narrow within two converging trend lines and provide a large directional recovery.

That is, the price tends to rise after the trend lines are broken. But it’s not just ETH that has this chart pattern: at least three other coins are working the same way, according to an analysis by TradingView. The main ones are BNB, Chainlink, and Uniswap.

So, now watch their respective analytics and how this pattern can lead to gains of up to 80%.

BNB

For more than a year, the price of BNB has resonated between two converging trend lines, which indicates the formation of a symmetrical triangle pattern. Dealers have been actively responding to the pattern setup, as evidenced by the coin price.

According to the chart below, the price has bounced off the support trendline twice and the resistance trendline three times. So far, he has not succeeded in cracking either of them.

BNB price is at $322 and is again challenging the chart pattern resistance trend line. If the weekly candlestick breaks above the downtrend line, buyers will get huge support for a new bullish high.

In a positive bullish scenario, BNB price could rise by 80% and reach the $600 mark.

Chainlink (link)

Over the past eleven months, the price of the LINK cryptocurrency has fluctuated within two horizontal levels of $9.4 and $5.4. In other words, record a clear sideways trend, without any concrete definition.

However, during this consolidation phase, the narrowing of LINK price within two converging trend lines indicates the formation of a symmetrical triangle.

Currently, the cryptocurrency is at $7,756 and is retesting the ascending resistance trend line. The potential breakout of this trend line, with a positive close of the weekly candlestick, provides an early signal of a trend reversal.

This breakout could help the bulls break out of this consolidation phase and chase the $12 high, which is 35.5% higher than the current price.

Uniswap (UNI)

On the weekly chart, the UNI/USD pair is showing a simple symmetrical triangle structure as prices are compressing with two converging trend lines.

With the recent boom in the cryptocurrency market, the price of the token has recently rebounded from the support trend line, which indicates a bullish cycle with the chart pattern.

Currently, the price of UNI is at $6.30, and if there is buying strength, the price may rise by 10% to challenge the uptrend line. If buyers can break through the resistance, an accelerated buying pressure will see the coin surge 88% to reach the $13 mark.