Here’s What’s Next for Bitcoin, Chainlink and One Ethereum Competitor, According to Top Trader

Popular analysts are cautiously diagnosing the status of four major crypto assets as the market approaches the weekend.

Pseudonym Cryptographic Analyst Altcoin Sherpa To tell His 180,000 Twitter followers are aiming for $ 21,600 as the next leg if Bitcoin (BTC) can regain the $ 20,300 territory.

“Before we go further up, we need to confirm the rebirth of this $ 20,300 region. [in my opinion]..

The next goal is $ 21,600. “

sauce: Altcoin Sherpa / Twitter

Bitcoin has risen 3.15% in the last 24 hours at the time of writing, changing trading at $ 20,207.

Analysts then look at the distributed Oracle network Chainlink (LINK). attention LINK’s current flat price behavior may indicate that investors are loading bags in anticipation of future backlash.

“I think this seems to me personally accumulating. I think it will continue to be choppy for the next few weeks before moving up.

The strength of the next rise depends on how long it accumulates. The longer the chop, the stronger the movement. “

sauce: Altcoin Sherpa / Twitter

Chainlinks are also green, rising 1.55% on the day and trading at $ 6.25.

Move to Layer 1 blockchain protocol Solana (SOL), Altcoin Sherpa To tell After a few weeks of negative pricing behavior, SOL needs to establish a bottom and move upwards.

“Bounce or die spot. My stop is the break-even point.

It has already taken off 1/3. “

sauce: Altcoin Sherpa / Twitter

At the time of writing, Solana has risen more than 6% from the previous day, changing hands at $ 35.95.

Chart guru concludes the analysis by looking at Ethereum (ETH), the leading smart contract platform for ETH / BTC trading pairs.While he is still Bearish At ETH, he says the 200-day exponential moving average (EMA) of 0.07008 BTC (or $ 1,416) appears to be the upper limit of resistance.

“The charts for the higher timeframes still don’t look good. The lower timeframes show that the 200-day EMA is acting as a resistance again.

The trend is still bearish until shown otherwise [in my opinion].. “

sauce: Altcoin Sherpa / Twitter
sauce: Altcoin Sherpa / Twitter

Ethereum is currently worth 0.059637 BTC, or $ 1,142.

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