🔥 Hello Traders 🐺
In this idea, I want to talk about LINK/ETH and why we should pay attention to it 👇
As you might know, there are two indicators that usually signal the beginning of Altcoin Season:
1️⃣ BTC.D (Bitcoin Dominance)
2️⃣ ETH/BTC chart
These two factors help us identify when exactly ETH is going to outperform BTC and where the possible price targets are. I've already discussed them in my recent ideas — you can check them out on my profile or in the related ideas section. So make sure to follow me to stay tuned! ✅
⚡️ Why should we pay attention to LINK/ETH right now?
During Altcoin Season, other altcoins start to move alongside ETH, but how they react to ETH’s movements depends heavily on their chart performance against ETH. If an altcoin shows strength against ETH, we can easily see:
🚀 10% pump in ETH price
🚀 25% pump in that specific altcoin
📉 Let’s dive into the LINK/ETH chart:
As you can see, the price has already formed a W pattern and we've tested the neckline multiple times. And you know the rule:
👉 The more we test a support or resistance, the weaker it becomes!
🎯 Now the big question: What is the price target for LINK in this cycle?
📍 First target (minimum): 0.019600 ETH per LINK
📍 Second target: Around 0.03 ETH per LINK
💡 My personal strategy: Sell 50% of your LINK at the second target and keep the rest for bigger gains because LINK has massive potential for this cycle! 🚀
✅ I hope you enjoyed this idea!
Don't forget to like & follow for more 🔥
🐺 KIU_COIN 🐺
In this idea, I want to talk about LINK/ETH and why we should pay attention to it 👇
As you might know, there are two indicators that usually signal the beginning of Altcoin Season:
1️⃣ BTC.D (Bitcoin Dominance)
2️⃣ ETH/BTC chart
These two factors help us identify when exactly ETH is going to outperform BTC and where the possible price targets are. I've already discussed them in my recent ideas — you can check them out on my profile or in the related ideas section. So make sure to follow me to stay tuned! ✅
⚡️ Why should we pay attention to LINK/ETH right now?
During Altcoin Season, other altcoins start to move alongside ETH, but how they react to ETH’s movements depends heavily on their chart performance against ETH. If an altcoin shows strength against ETH, we can easily see:
🚀 10% pump in ETH price
🚀 25% pump in that specific altcoin
📉 Let’s dive into the LINK/ETH chart:
As you can see, the price has already formed a W pattern and we've tested the neckline multiple times. And you know the rule:
👉 The more we test a support or resistance, the weaker it becomes!
🎯 Now the big question: What is the price target for LINK in this cycle?
📍 First target (minimum): 0.019600 ETH per LINK
📍 Second target: Around 0.03 ETH per LINK
💡 My personal strategy: Sell 50% of your LINK at the second target and keep the rest for bigger gains because LINK has massive potential for this cycle! 🚀
✅ I hope you enjoyed this idea!
Don't forget to like & follow for more 🔥
🐺 KIU_COIN 🐺
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.