Popular analysts of the cryptocurrency market gave flight signals for these 5 altcoin projects in their recent analysis! Here are the details…
Popular analyst: Ethereum (ETH), The Graph (GRT) and Fetch.AI (FET) may take flight soon!
An analyst known for accurately predicting Bitcoin (BTC) bottoms believes Ethereum (ETH) is preparing for a big boom. Closely-followed analyst Bluntz tells his 222,100 Twitter followers that Ethereum appears to reflect Bitcoin’s market structure in early 2019, when BTC broke out of the ascending triangle formation. Popular analyst Bluntz quotes:
When ETH inevitably crosses the $2,000 level, investors will want to position accordingly. But unfortunately I doubt there will be retests. It will likely be a flat candle like the BTC bullish experience in 2019.
The analyst stated that he is targeting the $ 3,000 level for ETH. According to the crypto analyst, with the Shanghai update on April 12, which will allow ETH investors to withdraw their holdings, there may be a rise for the leading altcoin ETH as small-scale investors will want to chase the rally.
The ETH Shanghai upgrade could be the perfect event to discourage people from long-term investments that have been around for generations. This would be the perfect worry wall scenario.
Ethereum has gained 7 percent in the last week. Instantly, ETH is trading at $ 1,899. Its market value is around $228 billion.
On the other hand, popular crypto analyst Bluntz also makes statements for the artificial intelligence-focused altcoin project Fetch.ai (FET). The analyst states that the FET seems to have crossed more than one cross-resistance, while suggesting that it is ready for a momentary rally to $0.55. The words of the analyst are as follows:
Another coin project I like is FET. It really has a crazy bullish chart. It almost feels like we are at a stage where we can start blindly investing in long-term investments.
Momentarily, FET has increased by 7 percent in the last 24-hour period and is trading at $ 0.37.
On the other hand, the last altcoin project on the analyst’s radar is the altcoin project The Graph (GRT), which has been on the rise recently. According to the analyst, GRT broke above multiple diagonal resistances and is momentarily heading towards the $0.19 target. Here are the words of the analyst:
Besides ETH, I think GRT is probably one of my biggest investments. I think this chart is going to make a monster move up and I’ve taken a position for it.
Instantly, GRT is trading at $0.15 and has gained 10 percent in the last 24 hours.
Altcoin Sherpa explained: XRP and LQTY price could explode!
Another leading analyst of the crypto money market, Altcoin Sherpa, states that there are bullish signals in XRP, and that DOGE is close to an explosion. Analyst Altcoin Sherpa pointed to the $0.46 level, saying that payment platform Ripple has chosen a support level for its service coin XRP, using the Fibonacci retracement tool in the data he transferred to his 194,400 Twitter followers. cryptocoin.com As we have reported, XRP is momentarily traded at the $0.50 level.
Another altcoin project on the analyst’s radar is the decentralized borrowing protocol Liquidity (LQTY). Analyst says Liquidity has bottomed out and could debut soon:
I still think it’s one of the best looking swing trading charts for LQTY IMO. With all the EMAs (with Exponential Moving Average) and lots of volumes trading here, it looks like accumulation/major compression. Buy it, hold some and watch it rise. The only downside is that it may take some time.
Finally, popular crypto analyst Altcoin Sherpa points to Dogecoin (DOGE), which has recently attracted the attention of many investors. As you know, the project started to rise with Elon Musk’s latest Twitter update. With Twitter replacing the iconic bird logo with Dogecoin in its logo, it points to a decline for the rising altcoin. Here are the words of the analyst:
The final price level will determine whether there are legs to rise for DOGE. Momentarily we see a typical kind of illiquid up move followed by a rapid reversal.
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