LINK/ETH has reached bottom, pair looks exhausted in despair stage, after massive -84% bleed from TOP.
Trend is currently neutral it's been hitting around link/eth 73k-78k last 90days straight Breakout should happen in coming weeks.
LINKETH is starting to show a stall in bearish momentum. Bears stopped selling their ETH for LINK--at least for now. If this is true, based on the Fibonacci Retracement/Extension, we could be looking at a possible 2x gain against ETH for LINK!
Some would argue that a valuation of LINK at under 20B USD is criminally undervalued. What do you think?
With reference to previous post regarding seasonal money rotation around ETH.
Link price relative to ETH at 2019 s/r level. Was waiting for a deviation and reclaim of support to take out any stops but it may not come.
Can just long the ticker or “short ethusd/long linkusd” to play the ratio manually. If played manually the hedge can be adjusted from the 50/50...
This chart has been ground into the dust for a long time.
1. Golden pocket holding as support
2. Oscillators turning up
3. RSI turning up after three drives of bullish divergence
4. 2W TD Sequential has a 9-9-13 count printed
I don't have any specific targets, it just looks bottomed out.
I fount out that Chainlink it's showing us a bullish risign wedge in their dominance. Chainlink Dominane it's bullish, and I see that it's around of 0.61%. Chainlink could be the next altcoin to explode soon!!! And based the left chart, Chainlink could to go back to 2% of Dominance, that it's bullish, and looking the right chart, we see that Chainlink/Ethereum...
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Hi Traders, LINKETH on D TF has broken above the Resistance, has done the retest already, soon should go higher
⬆️Buy now or Buy at 0.0082
⭕️SL @ 0.0075
✅TP1 @ 0.00986
✅TP2 @ 0.01185
✅TP3 @ 0.0149
We will have more FREE forecasts in TradingView soon
❤️ Your Support is...
Link has been getting the smackdown laid upon its ass hopefully with the last big flush it can finally get some gains going against Eth. As always I am just going off simple indicators and looking at retracement.
Not financial advice
I'm poor and you will be too if you listen to me
LINK/eth hitting a .786 retrace, at the PCZ of a bullish butterfly, Bullish divergence developing on both oscillators, if crypto can continue the bulltrend i think we will see a 75-100$ link eventually. :)