Trader says the market was after a bullish move for a strong turn – here is his goal for Ethereum and Altcoins
A widely followed cryptocurrency analyst states that the market has turned to reversal after a strong upside -down movement.
In the new thread of pseudonymous crypto trader crypto capo announce His 132,000 followers on a quick message app telegram that profit -making can be the optimal game, as Altcoins appear to be started after a sharp increase.
“The analysis has played as expected. A very strong bullish move. Bitcoin reached $ 98,000 and went even higher (deviation higher). Ethereum has reached $ 2,300. Solana is also over $ 170-200's main obstacle.
Altcoins have pumped 30% -100% What now? I make more profits here. 50% [took profits] already. The turn should be strong. ”
According to Capo, the second digital asset in the market hat is the second size of Ethereum (ETH) achieved Its resistance and it will soon form the local top before making a “strong bear”.
“The $ 1,500 support and price have now reached the resistance zone of $ 2,000 to $ 2,300. Here, here's a local cutting-edge formation and then a strong carvation.”
ETH trades at $ 2290 at the time of writing, which is 11.5%in the last 24 hours. The trader's diagram seems to show that Ethereum may sometime falling below 1,200 dollars near June.
But movement Ethh -Rival Solana (Sol), Capo saying The smart contract platform could continue its boost as it exceeds the flagship cryptocurrency.
“Sol seems to be ready to reach $ 170-200, ahead of BTC. The Solana ecosystem should constantly get up.”
Solana trades at $ 170.68 at the time of writing, which is 7%in the last day.
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