Known under the pseudonym “The Wolf of All Streets” Scott Melkerwhich he followed closely in a new video he published altcoin announced the list. According to Scott, many cryptoassets are meeting resistance, but some continue to show great potential for growth.
Ethereum (ETH)
First crypto asset on Melker’s list Ethereum it happened. ETH, the biggest name in the altcoin world, is predicting a big price rise recently. According to the analyst, ETH will show a “death cross” as it approaches the resistance at $2023. As a matter of fact, he added that he believes that if $2100 is broken despite these moves, $2500 will be a matter of time. The analyst is also watching the $2800-2900 levels closely, although it is a more difficult prospect.
Binance Coin (BNB)
Koinfinans.com As we reported, local presence of leading cryptocurrency exchange Binance Binance Coin is also on the list. BNB had a breakout and retest phases over the past year, but soon followed by aggressive growth. The analyst expects BNB to hit $380 after bouncing from the bottom.
Cardano (ADA)
cardano (ADA) is another popular altcoin on Scott’s radar. However, the analyst warns against buying directly against resistance. He recommends waiting for a well-defined breakout and retesting to maximize profits. Scott expects ADA to reach $0.68 to $0.74 if it rises above $0.44. ADA is currently trading at $0.383.
Polygon (MATIC)
Scott before MATIC He had succeeded in making a “reverse head and shoulders” prediction for him. The analyst reached his target of $1.40 but admitted he was wrong during the breakout and retest phase. MATIC found no support during this retest phase. The altcoin needs a break above $1.24 to rise towards $1.60 after these moves. The price is currently trading at $1.12.
Left (LEFT)
Scott, witherHe believes that after rejection at the 50 and 200 moving averages, it is approaching a strong resistance level. However, he thinks if it rises above the resistance line, it will rise to $27 and eventually $38. SOL is currently trading at $20.64.
Polkadot (DOT)
Polkadot (DOT) hasn’t made the “dot event” that Scott has previously called, but it still hasn’t dropped below $6.50. He recommends waiting for a breakout and retesting above $9.60 to see the price rise to this level. The DOT is currently trading at $6.31.
Phantom (FTM)
Considering the daily chart of FTM, Scott stated that it is currently in resistance. However, he expects the price to rally to $0.64 with an attempt to break out. The analyst also noted that holding the 50MA is nice and overall FTM looks good as an investment option.
Scott Melker, a veteran of the cryptocurrency and altcoin market, offered a somewhat broad and at times aggressive list. We recommend that you do your own research, keeping in mind that all of the estimates in the list contain personal opinions. This is not investment advice.
You can follow the current price action here.