September 24, 2022

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.

“XRP: Standard…

High targeting range.”

Source: Altcoin Sherpa/Twitter

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.”

Source: Altcoin Sherpa/Twitter

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.”

Source: Altcoin Sherpa/Twitter

At the time of writing, CHZ is trading at $0.24, down over 3% in the past day.

Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox

Check out the price action

Follow us further Twitter, Facebook and Telegram

Surfaj Dailymot Hodl Mix

Check out the latest news


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Sensvector/Kancut

Source link

Leave a Reply

Your email address will not be published.