No products in the cart.
- Latest
- Trending
ADVERTISEMENT
A noted analyst known for his timely altcoin calls updates his outlook on several crypto assets amid market flattening.
The pseudonymous trader known as Altcoin Sherpa is a fan token-focused crypto project Chiliz (CHZMore) coin forms what is considered a bearish setup.
“CHZ: Current Plans for Short Entry.”
Based on his chart, Altcoin Sherpa is looking for a bounce from the 4-hour 200 Exponential Moving Average (EMA) before opening a short in the $0.22 range.
As of this writing, CHZ is trading just over $0.20.
Next on Altcoin Sherpa’s list is blockchain scaling solution Polygon (matic). According to crypto strategists, there are three possible scenarios in store for MATIC.
“MATIC: Here are three results. [in my opinion]: First the cup and the handle and the price continues. This happens when BTC/ETH are both okay and bullish.
The second is a double bottom, where the price returns to lows and then consolidates. This is the bottom.
The third is that everything ends and dies. ”
MATIC is currently trading at $0.87, flat for the day but up 11% for the week.
Finally, popular analysts have their radar pinned to Binance Coin (BNB) is the native token of Binance, the world’s largest cryptocurrency exchange.
Altcoin Sherpa is Bitcoin’s (Bitcoin) pulling the market that is the determining factor. He also looks at BNB vs BTC (BNB/BTC) to gauge its strength.
BNB: Will bounce back to the high $200s depending on what happens to BTC. But the BTC pair is still strong.
Don’t miss the beat apply To get encrypted email alerts delivered directly to your inbox
check price action
Please follow us twitter, Facebook When telegram
surfing The Daily Hodl Mix
 
Featured image: Shutterstock/YUCALORA
