A generally followed crypto analyst says that the market is on its way to a turn after making a strong step to the upside.
In a new thread, pseudonyma crypto dealer Crypto Capo tells His 132,000 followers on the fast message app telegram such as taking winnings may be the optimal game because Altcoins appears to crash after a sharp increase.
“The analysis has been played as expected. Very strongly raised movement. Bitcoin reached $ 98,000 and went even higher (probably deviation). Ethereum has reached $ 2,300. Solana is also at $ 170-200 main resistance.
Altcoins have pumped 30% -100% what now? I’ll take more winnings here. 50% (took the profit) already. Reversal should be strong. “
According to Capo, Ethereum (Ethics) -The second largest digital asset after marketing-have reached Its resistance zone and will soon form a local top before making a “strongly baissed move.”
“Support of $ 1,500 and the price has now reached the resistance zone of $ 2,000-2 300. Expect a local top formation here and then a strong baissed move.”
ETH is traded for $ 2,290 at the time of writing, an increase of 11.5% over the past 24 hours. The merchant’s chart seems to indicate that Ethereum can dip under $ 1,200 sometime near June.
But move on to the ETH Rival Soana (Solar), Capo says The smart contract platform can continue its upward momentum as it surpasses flagship crane supply.
“Sun looks ready to reach the main target of $ 170-200 and surpass BTC. The Solana Ecosystem should continue to go up.”
Soana shops for $ 170.68 at the time of writing, an increase of 7% on the last day.
Image: Shutterstock/Nextmarsmedia
