Last year Bitcoin (BTC) crypto strategist who correctly predicted the end of the bull market, Ethereum (ETH) He thinks that the price of an altcoin known as its rival is preparing for a rally.
The pseudonymous analyst, known in the industry as Pentoshi, told 660,100 Twitter followers that smart contract platform Avalanche (AVAX) is bullish on lower timeframes. told.
“I bought some AVAX. I’ll be waiting to add from the bottom. I think a good structure is formed in the fairly low timeframe.”
It can be said that Avalanche has a 10% upside potential towards Pentoshi’s initial target of $14.83. ETH rival altcoin could see a 44.8% increase if it reaches the analyst’s next resistance level at $19.78.
Looking at Bitcoin, Pentoshi believes that the leading coin still needs some time before it encounters a key resistance level around $17,500.
“If you don’t like the idea. You don’t have to follow him. You are an adult. Adults decide. Either way, it’s been going well so far. It’s up to you to manage your positions. I’m just sharing ideas. For now, I am still trading with a small amount.”
Finally, as for Chainlink (LINK), Pentoshi predicts an increase of about 20% from its current price of $7.35 for the decentralized oracle network.
“LINK update: $8.88 soon! It has progressed on schedule so far.”
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.