A popular crypto analyst and trader says that Ethereum (ETH) could mark the start of a new alt season, but the second-largest cryptocurrency by market cap must first set a new milestone. Details of what the Ripple Oracle said cryptocoin.com‘in.
Predictions from the Ripple seer
In a new strategy session, trader nicknamed Credible tells his 35,100 YouTube subscribers that a new alt-season could come to life when Ethereum reveals a major area of resistance against Bitcoin (ETH/BTC). Famous crypto analyst says:
So, we are looking for a monthly close above 0.077 BTC ($5,205) on the Ethereum/Bitcoin chart to make sure we break it. When we do, Ethreum will definitely take off and altcoins will follow right behind. So, we are at a crucial point where if Bitcoin decides to slack a bit and gap, Ethereum can continue pumping upwards, sending Ethereum/BTC above this resistance area.
Looking at the monthly chart of ETH/BTC, Credible highlights that the pair makes higher lows each time it rejects in the critical resistance zone. Credible also says that Ethereum is bullish against the US dollar (ETH/USD), which he says is a positive sign for altcoins. Analyst: “Often, Ethereum is known to lead the alt market, so when Ethereum makes huge moves to the upside, it is usually expected that the lowers will do the same. Ethereum is entering price discovery and it looks like it will continue to hit all-time highs. There’s no guarantee we’ll go straight ahead, but we’ll most likely go.”
Looking at Bitcoin (BTC), Credible draws two potential scenarios for king crypto. According to him, Bitcoin could either print an all-time high above $70.00 before a corrective move or continue to rise without a significant pullback.
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.