LINKETH trade ideas
ETHUSDT Possible Multipair support-Expecting good reaction in the green box
-Its only 3% of distance between current price and green box, but imo BINANCE:LINKBTC is at support or have another 7% drop to reach next support zone, BINANCE:LINKETH has another 5% to reach next support zone.
-Another thing to keep in mind is LINKBTC and LINKETH is free falling below D200MA, so its risky
-If LINKBTC and LINKETH support align at the same time , will trade bigger and find new entry asap if not the green box.
LINK/BTC Binance Ending Accumulation (update)box is my buy zone and i feel where bottom support is for this entire cycle. there is a break to the downside of the trend, but with the current market conditions am expecting a break upwards before the end of the year, most likely. could happen at any minute now, in my opinion.
Potential accumulation pattern on ETH/LINK chartSupply is beginning to be absorbed. If we can resume upward from here, and get above the closest resistance that price just bounced down off, then LINK should gain on ETH again.
There could still be a more solid move downward before a spring up, and that would be an even better entry depending on the strength of it.
I will post again if that happens and is a good setup. Otherwise if it doesn't look good I will update this idea with why I didn't take the trade.
Good luck!
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