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A widely followed crypto analyst has predicted a significant surge in one lesser-known altcoin, updating his outlook on Binance coin (BNB) and Ethereum (ethereum).
The pseudonymous trader known as Crypto Capo To tell His 536,000 Twitter followers expect ETH-based reservation rights (RSR), promoting the stability of the stablecoin reserve token (RSV), causing a rally of 165%.
After dropping below the blue level, I bought RSR. The mainnet is almost complete.
The trader’s chart shows that he believes the RSR will surge to $0.017 and then fall to its lowest level in a year.He also Mention 99% completed token mainnet.
At the time of writing, the RSR is trading at $0.0064.
Next, analysts turn their attention to BNB, the native asset of Binance, the world’s largest crypto exchange platform by volume.he says expect BNB climbs 10.2% from the current $298.98 to $297.50, falling to July levels.
“If you move from the top to the bottom of the wave, A looks like 3 waves, so it’s probably a flat pattern after the shift. The top of wave C is 1:1 of A. Target = $297.50.”
crypto capo Conclusion His analysis turned his attention to ETH, stating that major smart contract platforms have bounced back from significant support levels and should offer investors a superior risk-to-reward ratio.
Bounce off key support with some regular bullish divergence. First TP [take profit] H&S neckline [head and shoulders pattern], offers excellent risk rewards.
ETH is trading at $1,272, down 5% for the day.
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Featured Image: Shutterstock/ValDan22
