Broadly adopted crypto strategist Pentoshi is anticipating rallies from Cosmos (ATOM), Bitcoin (BTC), and one low-cap DeFi altcoin.
The crypto analyst tells his 324,700 Twitter followers that the sensible contract platform Cosmos (ATOM) seems able to outperform the crypto market over the following few weeks.
Because the token finds help round 0.0006 BTC ($35.42), Pentoshi is anticipating ATOM to rise 100% in opposition to its Bitcoin pairing (ATOM/BTC) to 0.00129 BTC ($76.14).
“ATOM [in my opinion] going to be among the finest if not one of the best performers within the subsequent few weeks
Chart is primed for a significant transfer up and has all the proper substances with [technical analysis] + [fundamental analysis] aligning
IMO going to go completely parabolic ala SOL / AVAX”
On the time of writing, ATOM is bouncing off help at $33 and at present buying and selling at $37.42, in keeping with CoinGecko.
Pentoshi’s second altcoin decide is WOO Community (WOO), a deep liquidity community connecting merchants, exchanges, establishments, and decentralized finance (DeFi) platforms.
Glory awaits, have by no means as soon as offered a token. One other one which I really feel comfy with. Some issues I commerce, some issues I maintain. Thus far so good! Hoping they proceed to develop at this pace”
As for an replace on Bitcoin, he notes that the highest crypto asset is exhibiting power after completely retesting a key Fibonacci degree round $59,985.
“BTC gave an ideal retest at a shallow [Fibonacci] degree on a ten% dip after breaking ATH’s and appears to be arrange for continued value discovery”
With BTC probably forming greater highs and better lows, he’s targeting a bullish transfer to the $64,500 and $65,000 vary.
“BTC low for the day possible in
Potential [higher low] on [lower time frames]
Want to see [a] transfer to 64.5-65k”
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