A closely tracked crypto strategist and trader is unveiling one altcoin he believes could record a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
Pseudonymous crypto analyst Credible tells his 327,800 Twitter followers that he expects Bitcoin to correct to as low as $38,000 before it kicks off another rally.
“Up against our resistance region now. [I] would expect a pullback to at least $39k from here soon. Again, this is just a base-forming here before a full-on reversal, in my opinion. BTC.”
At time of writing, Bitcoin is exchanging hands for $39,555.
Next up is leading smart contract platform Ethereum, which Credible predicts will form a triangle structure over the next few months before breaking above $4,000.
“ETH taking a breather as expected following my last tweet on it. Would be eyeing up $2,500-$2,800 for spot buys if interested in adding to/or building an ETH position.”
Ethereum is valued at $2,941 at time of writing.
The last coin on the trader’s radar is Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance.
According to the crypto analyst, the bottom is already in for CRV, and he expects the coin to go on a massive rally.
“Yup both winners in my opinion! 10x for CRV yes. Would love a 10x on CVX from here but that’s $300 so will be more of a challenge from current levels than 10x on CRV.”
Check Price Action
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
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/Tithi Luadthong/LongQuattro
Credit: Source link
