A popular crypto analyst and trader has outlined price targets for several crypto assets after some recent uncertainty in the markets.
The analyst, nicknamed Credible Crypto, who shared a series of posts on Twitter, Bitcoin (BTC)has shared its charts to give an updated price forecast for Ethereum (ETH) and the two altcoins it follows.
The analyst, who primarily examines Bitcoin, thinks that the last sales “survived” from the worst and will soon exceed the $ 50,000 band again.
“I don’t think we’re seeing any new lows yet. Relief is expected soon by the middle of 50 thousand. We have both swept our local lows and offers are met here on major exchanges in the 45-47k range.”
Credible Crypto is then the leading smart contract platform to gauge how the broader altcoin market will progress. EthereumHe looked at how .
The analyst stated that a break above the 0.070 to 0.080 range in the ETH/BTC trading pair would bode well for altcoins.
“Many ask if I’m still up on the alternatives – nothing has changed but what we have back [seviyenin] You have to understand that it is a MONTHLY level.
In the month, we can wick from below, as we have worsened above in previous months. Alternatives may see some downside in the coming weeks, but HTF [yüksek zaman çerçevesi] It continues to rise above GREEN.”
Scaling solution protocol Polygon (MATIC) Talking about it, the analyst took advantage of a chart he used before, stating that the altcoin was subject to a wild price fluctuation.
“I call it ‘The Fear Buster Part 2’. Our recovery is another bearish SFP of the highs [salınım hatası paterni] resulted in. [Bence] Before attempting another $1.35 [Likidite] hunting.”
A swing error pattern is one that represents a reversal that can be interpreted as a buy or sell signal.”
The last altcoin on the list is Hedera (HBAR), the institutional-grade proof-of-stake public network. While he expects the price to rally soon, he states that HBAR’s drop below $0.30 means this figure could act as a new upside resistance point.
“HBAR is posting a classic bullish daily, which indicates that we will see some relief in the coming days along with the rest of the market.
However, the weekly support lost near $0.30 could now act as resistance. We are targeting $0.26 and above for now.”
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.