LINKETH trade ideas
LINK is set to outperform ETH in this cycle ! 🔥 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 🐺
Chainlink #LINK v #Ethereum to 2.4X?Chainlink is exhibiting bullish market structure against ETH
Bullish market structure just means higher high's and higher lows --- uptrend
After a strong move
we are seeing a nice backtest of previous resistance
let's flip this into support and continue this trend into 2024
LINKETH longChainlink remains a cornerstone for Ethereum and various cryptographic endeavors, serving as the preeminent Oracle in the cryptocurrency realm. Its fundamentals are robust, backed by exceptional technical talent, ensuring its pivotal role in the industry.
The chart I created over two years ago continues to accurately represent this reality, reflecting Chainlink's enduring relevance and strength in fundamentals.
For evidence of Chainlink's prominence, consider its frequent mentions in GitHub projects:
- 356K references across github projects.
Chainlink stands out not only for its technical prowess but also for its strategic importance in the crypto community. It's the go-to for bridging cryptocurrency with real-world applications. The project boasts an extensive research division, collaborating with leading figures in cryptography, including teams from Ethereum Foundation, Input Output Hong Kong (IOHK), and Zcash. This synergy of technical excellence and fundamental strength positions Chainlink at the forefront of cryptographic innovation
LINK/ETH buy the dip at .04 Wave 4 correctionNot financial advice
All charts made on current market conditions
When you see tokens run you wanna see not only to BTC pair but also to eth pair.
Looking at ETH here seems to be in a rising channel and eth needs to play some catch-up in the short term.
Ideally see if the .041 level holds here.
That would mean eth should outpace link by roughly 12% over the coming days and weeks.
Link still in great spot for catching the dips.
Like Follow and comment.
Always practice patience #PIK
And Think Like A Whale #TLAW
$LINK the bluest blue chip? Cross-Chain Smart Contracts ComingCross chain smart contracts provided by Chainlink are going to be revolutionary.
Link ecosystem got is final piece of its puzzle "CCIP". CCIP is cross chain messaging standard.
This is just one of the many products LINK has developed over the last 5 years to complete their full ecosystem.
I have background in Securities settlment and how information/data/funds are passed between financial parties.
There is one company that does it all and it has a Network effect that keeps it firmly as the industry dominant. This company is called DTCC. if you see data on a screen in your bank account then it almost definitely was transmitted by DTCC. They pass settlments and statments and general information between financial institution.. got to DTCC.com and learn more.
DTCC uses formatting standards, file sharing pipelines, and computational power to connect the world of finance.
LINK IS DTCC. Except, LINK has built itself to trustlessly handle the distributed ledger technology along with single server information.
The access to everything LINK has built is going to be inside fo the CROSS CHAIN SMART CONTRACT stack.
This CCSC is simply a framework for a single application to get information and execute tasks from multiple blockchains and single server information providers in one place.
This is the future. A dev will use chainlink to do whatever they need to on whatever platform gives them the best results and run it simultaneously.
We are possibly looking at the next greatest innovation in Crypto.
LINKETH at a crossroadsGetting a little dicey going down into the 1 hour chart here. Looks like we have LINKETH going for a 3rd bounce of the bottom of the channel. 50 day MA and ICH cloud seem to be acting as resistance. The next day might give an opportunity for a short position. Time will tell. Not financial advise, so its not.
LINKETH - Sat on a Critical Level, Can We Break Upward by 10%?We've got a pretty strong Buy signal from Crypto Tipster v2 today - looking at the chart it would appear we're currently sat right on a critical pivot point, the market could choose to go either way from here, or even consolidate for a short while too!
Based on the recent rebound off support @ 416 and breaking through the next level of resistance above that, we're staying positive on Chainlink for now and predicting gains of around 10% over the next few weeks to one month.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
#LINKETH - 35% Rise Coming Off SupporttheCrypster -
A slowly closing wedge and plenty of profitable trades from top to bottom within #LINK - that's what we've had for numerous months so far; here we go again!
We're currently sat right on the lower edge of support and have received a good Buy signal from CTv2, we can see #CHAINLINK increasing somewhere between 30%-40% to the upper edge of resistance.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Easiest 25% ETH gain The Link/ETH pair is currently in an oversold position and is due for a rally. The long-term trend remains bullish. This presents a great opportunity to buy the dip and capitalize on the upcoming rally as the market sentiment shifts. Furthermore, the fundamentals of the Chainlink project continue to be strong, with partnerships and collaborations being announced regularly and the usage of the Chainlink network on the rise, providing strong support for the value of the Link token. All of these factors point to a strong potential for a rebound in the Link/ETH pair in the near future.
Chain Gang mount up!Looks like link is sizing up a potential pump against both the USD and ETH going into january. Thinks look good on the daily and we will look for a bounce of the trend line on the lower timeframes before pumping any hard earned dollaroos into this bear market. RSI is also oversold on the daily which is adding layers to what looks to be a nice setup. onwards, and as always this is not financial advise, so its not.
Chainlink bullish ascending triangle (LINKETH) $LINKI think we're gonna see a big move in Q1 2023 (hopefully to the upside). In any case, Chainlink is one of the few alt pairs that likely wont go to 0 against BTC & ETH. I'm not 100% confident because market conditions are pretty messy rn, but if I were shorting alts at these prices, the last one I would short is Link IMO.
(if I were to short an alt here it'd prob be $BNB tbh lol)
NFA
LINKETH: Cup With Handle Above Moving AveragesSo during this market some coins are doing much worse than others and for the time being it seems like ETH is going to be among the next coins to collapse. In the meantime there appears to be alot of opportunity in trading pairs against Ethereum.
In the case of Chainlink we have a Cup With Handle backtesting the top of a Channel and the Moving averages with a Measured Move above 0.01 ETH.