- Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETHDOGE likely to continue underperforming BTC and may become a “laggard.”
Leading, Weakening, Lagging, and Improving. The Leading section (top right) signifies a good performance with increasing trends. Contrarily, Weakening (bottom right) shows a strong performance but with decreasing trends. The Lagging section (bottom left) indicates poor performance with negative trends, while Improving represents weak initial performance but improving trends.
Analysts at Fairlead Strategies shared with their clients on Monday that they assess the cyclical patterns among the leading altcoins relative to Bitcoin using RRGs (Relative Rotation Graphs). Notably, Chainlink, similar to Ether and Ripple, can be found in the Enhancing category, which indicates a diminished downside momentum compared to Bitcoin.
As a crypto investor, I believe that the transition from the underperforming sector to one showing signs of improvement indicates a potential rotation opportunity on the horizon. In the coming weeks, it’s possible that capital will be allocated towards this sector as investors aim to diversify their portfolios with resilient crypto assets.
Momentum traders consider a crossing into the enhancing zone as a possible chance; this situation suggests that the asset is exhibiting promising signs of recovery and could deliver superior returns in the imminent period.
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2024-06-18 11:17