in

Bitcoin Forming Bullish Continuation Pattern As Two Altcoins Flash Signs of Strength: Crypto Analyst

Image


A widely followed crypto trader and analyst says he expects Bitcoin to continue rallying while predicting surges in two emerging altcoins. 

The crypto analyst known as Pentoshi tells his 294,400 Twitter followers that Bitcoin is forming a bullish pattern, suggesting that BTC is on the verge of another leg up. 

 

“BTC kinda looks like a bull flag in a bull market on the four-hour [chart].

Up only season?”

Source: Pentoshi/Twitter

Pentoshi is also looking at decentralized blockchain protocol Algorand (ALGO), which he says looks ready to bounce after finding more buyers above $1.60.

“Anyone who’s followed these ALGO setups knows how beautiful it’s traded.

[In my opinion] this is likely at/or around a bottom before its next leg up. The first leg of price discovery is complete and now has set a base with consolidation.”

Image
Source: Pentoshi/Twitter

Pentoshi is also looking at Algorand against Bitcoin (ALGO/BTC), which he says can soar as high as 0.000074 BTC, worth $3.69 at time of writing. The move marks a potential upside of 85% from the pair’s current value of 0.00004 BTC ($1.97).

“BTC pair targets shown.”

Image
Source: Pentoshi/Twitter

Looking at Curve (CRV), the governance token of the stablecoin decentralized exchange Curve Finance, Pentoshi predicts the asset can make a run for $3.80 once it flips resistance at $2.77 as support.

Currently, the asset is trading at $2.81, according to CoinGecko.

“CRV. Flip this to support and $3.80 is the next area of interest 

Looking really good.”

Image
Source: Pentoshi/Twitter

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix
 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/jdrv_art





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Is An Energy-Efficient PoW-Based Blockchain Possible?

Is An Energy-Efficient PoW-Based Blockchain Possible?

Cosmos (ATOM) ecosystem logs 1 million transfers on IBC in a month

Shiba Inu trades worth $15 million liquidated as SHIB pumps 70%