The nameless host of cryptocurrency channel InvestAnswers is itemizing one altcoin that he expects to “skyrocket.”
InvestAnswers tells his 409,000 YouTube subscribers that Cosmos (ATOM), a community of many impartial however interconnected blockchains often called zones, is slated to surge by about 40% in a month or much less.
“It’s fairly clear to me that we are going to hit $45 in in all probability a month or much less. It [ATOM] simply appears to be like completely excellent and set to skyrocket as we go ahead. Not a lot promoting stress on the horizon and we must always have the ability to get to that stage [of] $45 which it hit 4 or 5 instances within the final couple of months.”
ATOM is buying and selling at $31.08 at time of writing.
Subsequent up, InvestAnswers says that Ethereum (ETH) is at the moment on the 0.5 Fibonacci stage, a key Fibonacci retracement stage that represents the midway mark of a prevailing development.
The crypto analyst provides that ETH may hit a brand new all-time excessive if it manages to interrupt above the 50 and 200-day transferring averages.
“We’re now getting near the 0.5 Fibonacci stage, about $3,300. Discover as effectively we have to break by way of the 50-day transferring common. After which the subsequent is to interrupt by way of the 200-day transferring common. After which we’ll get to hopefully $3,700. After that, $4,150. After that, new all-time excessive $4,800.”
ETH is buying and selling at $3,146 at time of writing.
Subsequent up is the native token of Terra (LUNA), a blockchain protocol consisting of a collection of decentralized stablecoins.
The crypto analyst says that LUNA is eyeing the $65 worth stage after bouncing off the 200-day transferring age.
“This one [LUNA] is making a pleasant restoration too…
We’re heading again in the direction of the 0.386 Fibonacci stage of $65. After which after that, you recognize LUNA can transfer very very quick when it needs to.”
LUNA is buying and selling at $55.55 at time of writing.
Subsequent up is the native token of Avalanche (AVAX), a wise contract-enabled blockchain. The crypto analyst says that AVAX is in an overbought zone based mostly on the Relative Power Indicator (RSI). The RSI indicator ranges from 0 to 100 – the place 70 or larger signifies overbought circumstances, and doubtlessly the tip of a rally, whereas 30 or decrease signifies oversold circumstances, and doubtlessly the tip of a sell-off.
“Avalanche did get rejected off the $95 stage. It’s now at about $87 and the RSI is rapidly approaching overbought…
Avalanche chart is perhaps operating a little bit bit out of steam, we’ll see. However hitting $95 was a transparent promoting level.”
AVAX is buying and selling at $88.85 at time of writing.
I
Test Price Action
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Comply with us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet affiliate marketing.
Featured Picture: Shutterstock/Natalia Siiatovskaia/NextMarsMedia
