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Popular crypto strategists are predicting the next trio of digital assets as the market continues to rise recently.
Pseudonym crypto trader Cheds To tell His 274,100 Twitter followers he sees Bitcoin (BTC) on a 34-day Estimated Moving Average (EMA).
He says this is the first time the top cryptocurrencies have closed above that particular metric in three months, being wary of potential price weaknesses in the future.
“BTC is noteworthy it will be the first to close above the daily EMA34 since April.
Evidence that bear propensity is weakening-continue to monitor deviations. “
Bitcoin is currently skyrocketing, rising 9% in the last 24 hours and priced at $ 23,512.
Cheds continue Discuss The next step in Ethereum (ETH) states that major smart contract platforms appear to be strong enough to regain the $ 1,700 mark, whether or not Bitcoin buckles.
“Even if BTC rejects DEMA34 given its relative strength, $ 1,700 still makes sense.”
At the time of writing, Ethereum was up 4.05% that day, changing hands for $ 1,573.
Chart guru Conclusion He analyzed the top two digital assets, saying he believes Ethereum now looks stronger than BTC. He also notes that ETH is above the Bollinger Bands cap (BB). It is a measure of asset price and volatility fluctuations over time.
“The relative strength of ETH against BTC today is a long trigger from the $ 1,270 break.
BTC still looks vulnerable, but ETH isn’t really at this point (although it trades above the top BBs).
I hope everyone, not just me, will use the daily EMA34. This is the most important level since November. “
Ched too takes Take a look at the Ethereum-based virtual world, The Sandbox (SAND), highlighting Altcoin’s recent recovery from a flash crash in mid-June.
“SAND bends a low high break.”
The sandbox is also 5.62% green on the day and the market price is $ 1.43.
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Featured images: Shutterstock / Salamahin / Atelier Sommerland
