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A forgotten altcoin is developing a powerful setup as chainlink positions for a rally: crypto strategist

A top crypto strategist and trader says an altcoin under the radar is building a bullish setup as a decentralized oracle network Chainlink is gearing up for an upswing.
Known in the industry as Pentoshi, the trader tells his 423,500 Twitter followers that he Curve (CRV), the governance token of the Stablecoin focused decentralized exchange Curve Finance, keep a close eye on.

According to the crypto strategist, CRV is facing Bitcoin (CRV / BTC) has a bullish market structure as it keeps printing higher highs and higher lows.

“We’re developing a powerful CRV setup. Large volume gap above the head with little to none resistance in the case of several years of span breakage. If price can flip this in support then there should be a setup accelerating upward with strong momentum. Play trigger. Second best after Rot coin (Avalanche / AVAX) in my opinion. “
Source: Pentoshi / Twitter
Pentoshi said a successful retest of 0.00095 BTC ($ 4.43) in support would be the trigger for a surge to its target at 0.00016 BTC worth $ 7.47.

Looking at the CRV versus the US dollar (CRV / USD), the crypto trader predicts that breaching the resistance at $ 4.45 would trigger a rally towards its target at $ 6.30.
A forgotten altcoin is developing a powerful setup as chainlink positions for a rally: crypto strategist, Crypto Trading NewsSource: Pentoshi / Twitter
As for Chainlink (LINK), Pentoshi says that as long as the pair trades above a crucial level against Bitcoin (LINK / BTC), it will climb to its target of 0.00053 BTC ($ 24.77).

“Sitting at annual opening + high time frame support for the BTC couple. I find it hard to believe it closes like this.

Will play this. A little further down in a week [support] and i will cut it. Otherwise expect a movement in the direction of the magnet. “
A forgotten altcoin is developing a powerful setup as chainlink positions for a rally: crypto strategist, Crypto Trading NewsSource: Pentoshi / Twitter
Looking at Pentoshi’s chart, LINK / BTC must be above the support at 0.00038 BTC ($ 17.78) stay to get a 40% climb.
Check price promotion

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Source: Crypto News Deutsch

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