A closely followed crypto analyst predicts a rise in the price of Ethereum (ETH(The challenger while saying that Bitcoin)BTC) may have already printed the low level for this course.
Analyst under the pseudonym Cantring Clark Tells His 142,300 followers on Twitter who are smart contract platform Solana (Sol) is preparing for a move that may lead to a strong rally from the current prices.
“Just look at the graph. It looks like SOL is merging against resistance and pressing to fly… This is daily [chart] It looks good, and we haven’t experienced nearly as much bounce as I’d expect. Sol. “
Looking at analysts’ charts, it appears that Solana’s next major resistance is around $75. At the time of writing, SOL was swapping hands for $46.98, which indicates a roughly 60% upside potential for the Ethereum competitor, according to Cantering Clark.
As for Bitcoin, the trader assumes that BTC revisiting the 2017 bullish market high around $20,000 and holding it as support on the weekly time frame could be a suitable bottoming signal.
Fans, can bitcoin really be that simple?
Everyone talks about a pullback that should match the previous pullback but ignore the fact that the last bull market was less severe than prices.
We’re kind of back in a good historical way regardless.”
Cantering Clark notes that during the 2017 bull run, bitcoin rose more than 11,000% from the bottom. Meanwhile, the 2021 bull market saw Bitcoin gain less than 2,000%.
“Eyes having problems?”
cipher parser too Warn Traders planning to short sell bitcoin due to its relatively poor performance over the past weeks.
“Bitcoin is very boring and gives the impression of weakness.
“Don’t short a boring market.”
This kind of reminds me of the 2020 structure away from the March lows.”
Don’t miss a chance – Subscription Get encrypted email alerts delivered straight to your inbox
check price movement
Follow us TwitterAnd the Facebook And the cable
browse Daily Hodel Mix
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock / GrandeDuc / Fotomay
“Web maven. Infuriatingly humble beer geek. Bacon fanatic. Typical creator. Music expert.”
The World Bank warns that the global economy may be in a ‘lost decade’
Stocks making the biggest moves before the market: PINS, FCNCA, CAT
Banking Troubles May Lead to Financial Crisis By Reuters