6.8 C
London
Tuesday, December 3, 2024

Popular Analyst il Capo Expresses His Views on BNB and Polygon (MATIC) Following the Latest Rise

Date:

Related stories

Volkswagen Strike: The Risks of Overlooking Employee Concerns

A significant strike at Volkswagen has erupted as employees...

EU Leaders Visit Kyiv: Costa Pushes for Urgent Ukraine EU Membership Talks

EU Council President António Costa has pledged to initiate...

Escalating School Conflict in Vienna Due to Insufficient German Language Proficiency

In Vienna, parents at public and private schools will...
- Advertisement -

Popular cryptocurrency analyst il Capo of Crypto, cryptocurrency One of the largest altcoins after the recent rise in the market Polygon (MATIC) And BNB evaluated.

Analyst il Capo of Crypto, known for his bullish comments at the beginning of the last bull market, has been making bearish statements for a long time.

Addressing the MATIC altcoin first, the analyst said that with the recent rise, the price of the altcoin reached around $0.90, which is the region he determined as the “mid range”, and the initial price target was 0.29-0.30. In addition, he made an update that the short position he opened for MATIC in the past period has become neither profit nor loss with the recent rise.

MATIC chart shared by il Capo.

Speaking about BNB, the analyst said that the altcoin has not yet received bearish confirmation in large time frames and that the general outlook fits the ‘distribution’ model. However, he claimed that if a confirmation appears in favor of the bear, the price of the altcoin could drop to $ 39.

il Capo said that he closed the short position for BNB as a precaution, but would open new positions in case of bear approval.

The chart shared by il Capo about BNB.

*This is not investment advice.

For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!


source site-5

Latest stories