A widely followed crypto analyst is expressing bullish sentiment on Bitcoin Cash (BCH) after a sudden move to the upside.
Pseudonymous crypto trader Altcoin Sherpa tells his 196,800 followers on the social media platform X that BCH could soar 25% from its current value.
“BCH: no clue why this is pumping so well but keep it going. The chart is clean on this one. I think it’s still going to go higher. Buying a dip around $220 would be nice.”
The trader uses the Fibonacci retracement levels to suggest that BCH may dip to $220 before a rally to $300.
Bitcoin Cash, a Bitcoin (BTC) hard fork that spun off from the top crypto asset in 2017, is trading for $240 at time of writing.
Next up, the trader says that the crypto casino platform Rollbit (RLB) and Telegram bot app Unibot (UNIBOT) both look bullish.
“On-chain coins are doing really well lately. RLB, UNIBOT both still looking good but there are lots of other really strong mid-caps…
You can decide how far down the risk curve you want to go but things are looking nice for now.”
Looking at his chart, the trader appears to show that RLB looks strong after converting its resistance at $0.158 into support.
Rollbit is trading for $0.16 at time of writing.
As for UNIBOT, the trader’s chart appears to indicate that the altcoin looks bullish after taking out its diagonal resistance.
UNIBOT is worth $62.51 at time of writing.
Featured Image: Shutterstock/Salamahin/HUT Design
Credit: Source link
