Cryptocurrency phenomenon Altcoin Sherpa, which has more than 180,000 followers on Twitter; Bitcoin (BTC), Dogecoin (DOGE) and SushiSwap (SUSHI) He shared his analysis with his followers.
Altcoin Sherpa did its first analysis for Bitcoin. According to the phenomenon, the 20,000 level does not seem very suitable for buying BTC.
“If Bitcoin breaks this resistance, I can buy. But for now, I’m content with watching. These are not available for purchase.”
Leading cryptocurrency $BTC, It is currently trading at $20,000.
The second cryptocurrency that Sherpa analyzed was the dog-themed joke token Dogecoin (DOGE). dogecoin, Elon Musk’s It’s pretty active these days due to a new offering for Twitter.
Fenomen shared with his followers that he carries a short transaction in Dogecoin. He also thinks that a double top formation may occur in DOGE.
“I shorted Dogecoin again. I took my profit from the TP1 point in my previous trade.”
$DOGEIt is currently trading around $0.063.
The last altcoin analyzed by Altcoin Sherpa was SUSHI, the native token of SushiSwap, a DeFi platform.
Despite SUSHI gaining 16% in the last 24 hours, Sherpa believes these are good short opportunities.
“SUSHI has come to the resistance area. These levels make perfect sense to open a short trade. However, if the red area is passed, my prejudice will be broken.”
$SUSHIAs of writing, it is trading at $1,323.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!