A crypto strategist who continues to build a following with timely altcoin calls describes what’s in store for three digital assets, including XRP and Ethereum (ETH).
Pseudonymous analyst Altcoin Sherpa tells his 183,100 Twitter followers that he’s bullish on XRP and sees the seventh-largest cryptocurrency by market cap driving decent growth in the short term.
High targeting range.”
At the time of writing, XRP is changing hands for $0.41, up more than 8% in the last 24 hours.
Next up is the leading smart contract platform Ethereum. According to Altcoin Sherpa, he expects ETH to correct some more before potentially making a bottom and reversing its bearish trend.
“ETH: $1,000-$1,200 next area by volume profile. There should be decent support in that range.
The price is fractal. See these types of double bottoms for reversals on all time frames. This is what a potential bottom would look like, in my opinion.”
At the time of writing, Ethereum is valued at $1,334, down nearly 3% on the day.
Another altcoin on the trader’s radar is Chiliz (CHZ), a native asset of a platform designed to tokenize sports and esports to drive fan engagement. According to Altcoin Sherpa, CHZ bulls can trigger a rally if they manage to break its current resistance at $0.25.
“This looks scary on all time frames, but it’s still one of the best performing coins. A potential double top at four hours, plus this is still an area of resistance. If it goes higher, $0.30 is the next area, in my opinion.”
At the time of writing, CHZ is trading at $0.24, down over 3% in the past day.
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