A prominent analyst says that Ethereum and two other popular altcoins are poised for major rallies in the near future.
Known in the industry as Pentoshi, the analyst has 333,400 Twitter followers; He said he expects Ethereum to rise as the ETH/USD pair peaked higher than it did in September, and the ETH/BTC pair looks great as well.
According to Pentoshi, Ethereum (ETH) There isn’t much resistance ahead, so the second-largest cryptocurrency could easily rise more than 15 percent from its current price of $4,239.
“I have the impression that many people, including myself, underestimate ETH, but the horizontal movement makes me more cautious. But before us there is nothing but a clear sky. The price could skyrocket to $5,000 at any moment.
The analyst is also a play-to-win platform. Axie Infinity (AXS) also evaluates. Pentoshi expects AXS to enter the pricing zone and climb above $200. This potential price action represents an uptick of about 50 percent.
“The market structure has been overwhelmingly bullish. The moment he enters the Discovery Zone, it will cost over $200.”
Pentoshi is also a protocol that aims to be the “internet of blockchains”. of Cosmos (ATOM) evaluates its performance. According to the crypto strategist who says that ATOM has reached the bottom, Cosmos can make a higher low in Bitcoin parity.
“YEAH. I bought some more here. I will continue to add. It’s bottomed out in my opinion. Here is a higher low (the market is trending up).”
Pentoshi said that since the altcoin has found support around 0.0006 BTC in the past days, he expects ATOM to rise by around 100 percent in Bitcoin parity (ATOM/BTC) to 0.00129 BTC ($78.50).
“ATOM [bence] It will be one of the best if not the best performing altcoins in the next few weeks.
The chart is set for a big uptrend and [teknik analiz] and [temel analiz] It has all the necessary components with its alignment.”
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.