Veteran analyst Cantering Clark says that a major trend change has occurred for an altcoin and the two cryptocurrencies are forming bullish patterns. In this article, we examine Clark’s analysis of ICE, SPELL, and AVAX.
Cantering Clark starts with trend analysis of altcoin projects
The Twitter analyst, nicknamed Cantering Clark, told his 95,000 followers that he closely follows ICE, the native token of multichain yield optimization platform Popsicle Finance. A trend reversal could continue, the analyst says, as ICE bounces off ATH levels well and shows signs of sudden strength. To gauge the strength of ICE, the analyst analyzes ICE on the Wrapped Ethereum pair (ICE/WETH):
The graph looks voluminous. Rumors + Big names support + Trend change.
The analyst is also looking at SPELL, abracadabra.money’s token, which provides passive income and allows users to deposit interest-bearing collateral to obtain loans from the stablecoin Magic Internet Money (MIM). According to Cantering Clark, SPELL shows a unique trend change from the rest of the crypto market:
I’m sure there is no cleaner trend change than SPELL. It confirmed the W bottom pattern on the 1 to 1 day timeframe as most altcoins cooled off after dropping 70-80% from the highs. There are notable investor positions.
The analyst also takes a look at a strong Ethereum competitor
One Ethereum competitor that is on the analyst’s radar is the smart contract platform Avalanche (AVAX). According to Clark, ATH levels could be close after $120 break:
AVAX is a beast. It looks strong around $120 with possible support and resistance conversion. Next up are the ATH levels.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.