The trader says that the market is preparing for the strong reflection after the upscale step – here is its goal for Ethereum and altcoins
A wide -ranging encryption analyst says that the market is preparing to reflect the reflection after the strong move to the upward trend.
In a new topic, the name Crypto Trader Crypto Capo Recount His 132,000 followers may be the immediate correspondence application that taking profits is the best play as Altcoins looks ready to collapse after a sharp increase.
“The analysis has been done as expected. A very strong upward step. Bitcoin reached $ 98,000 and rose (the above deviation is probably).
Altcoins pump 30 % -100 % what now? I get more profits here. 50 % [took profits] actually. The reflection should be strong. “
According to Capo, at ETHEREUM (ETH)-the second largest digital asset according to the maximum market- receipt Its resistance area will soon be a local summit before making a “strong downward step”.
“The support of $ 1500 has reached the resistance area of up to 2000-2300 dollars. With the expectation of a local higher formation here and a strong declining step.”
ETH is trading for $ 2,290 at the time of writing this report, an increase of 11.5 % over the past 24 hours. The trading scheme seems to indicate that Ethereum can decrease to less than $ 1,200 at some point near June.
However, moving to Eth Solana (Sol), Cabo He says The smart nodes platform can continue in its upward momentum as it exceeds the main encryption assets.
“Seoul looks ready to reach the main goal of 170-200 dollars, as it beats BTC. The ecological system in Solaa should continue.”
Solana is trading for $ 170.68 at the time of writing this report, an increase of 7 % during the last day.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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