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Popular analysts are digging into the charts to set price targets for six crypto assets as the market is closing the week with bright notes.
Pseudonym Crypto Trader Altcoin Sherpa To tell His 180,100 Twitter followers are looking at the 200-day exponential moving average (EMA) of Bitcoin (BTC) with a 4-hour candle to plot both short-term highs and lows.
Cryptographic strategists also say that Bitcoin was able to establish a short-term range, but does not believe that the bottom of the bear market is at BTC.
“At this point we are expecting $ 21,600 and $ 22,000, so I think the upper limit of the range makes sense at this point.
It’s still doubtful if this is the bottom of the macro, but it’s a very powerful tradeable event. For 4 hours at 200 EMA, you can increase your profits. “
Bitcoin is currently up 1.5% in the last 24 hours and is changing trading at $ 20,693.
Moved to the leading smart contract platform Ethereum (ETH) and Altcoin Sherpa again Use A 200-day EMA metric to establish a price volatility zone from $ 1,013 to $ 1,283, warning that ETH could drop to $ 850 before the next big rally.
“idea – [ETH] At 200 EMA, it reaches a high / hit resistance of 4 hours and then returns to a low.
It can even go down to $ 850 before it goes up.Not at the bottom yet [in my opinion]..
Ethereum is up 2.33% on the day and is priced at $ 1,217.
Cryptographic analysts have low expectations for the enterprise-grade blockchain platform Fantom (FTM). think FTM may reach at least the midpoint of the current trading range.
“I haven’t seen this sit coin for a while. I have this [equilibrium] In the range of about $ 0.32.
Overall it’s still very bearish. “
At the time of writing, Fantom is worth $ 0.25.
The next analyst’s radar is Ethereum’s rival Solana (SOL).He he plan If SOL succeeds up to $ 42, he can completely close his position.
“I took this in 1/3 of this position and entered for $ 34.
I think this could reach the top of the range for $ 42. At that point, I run out of almost everything. “
Solana has successfully recovered from its weekly lows in the $ 32 range and is currently trading at $ 37.01.
For the cross-chain interoperability protocol Polkadot (DOT), Altcoin Sherpa I believe Despite the steady decline in DOT since April, it hasn’t bottomed out yet.
“I don’t think this is an accumulation yet, but it’s always very difficult to see this in real time. If you chop this up for a few more weeks, you may see it at the bottom.
Until then, I think $ 5 will come. “
Polkadot is currently changing hands at $ 6.74.
At the end of the list of traders is the lending and borrowing protocol Aave (AAVE). He predicts that this will drop significantly before the rally takes place.
“If you’re playing in a lower time frame, I think the EMA cluster could be a good entry around mid- $ 70 ($ 75).
It looks bullish in 4 hours, but it is quite bearish in the time frame of 1 day or more.
Once you get there, you’ll probably look for the low price of $ 100. “
Currently, Aave is down more than 4% on the day and is priced at $ 88.85.
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Featured image: Shutterstock / klyaksun
