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A popular cryptocurrency analyst has made predictions for Bitcoin (BTC) and a handful of altcoins, including decentralized exchange token SushiSwap (SUSHI).
Pseudonym Trader Altcoin Sherpa To tell His 184,300 Twitter followers believe Bitcoin will need to drop a little more before it bounces back.
These range lows look like the green demand zone is rising first. We expect a rebound in the high $18,000s.
BTC is trading at $19,088 at the time of writing. The top-ranked crypto assets by market capitalization are up 0.22% over the past 24 hours.
altcoin sherpa I think SUSHI could also rebound soon, according to the exponential moving average (EMA) and the support and resistance levels indicated by the Fibonacci (fib) retracement.
“SUSHI: This area has to offer a bounce w. 200 EMA 4h and .50 fib would like to see some consolidation here before we go in. Weird… ‘news’ out there Be careful because it might come
SUSHI is trading at $1.16 at the time of writing, down around 7.5% over the past 24 hours.
the crypto analyst strong On the decentralized oracle network Chainlink (LINK).
LINK: I see it as a stablecoin for now, but as an investment/long-term trade I think it looks pretty reasonable on the long timeframe charts. , you’ll eventually see this work very well.”
LINK is trading at $6.92 at the time of writing. The 23rd largest crypto asset by market capitalization is down 1.44% over the past 24 hours.
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