您现在的位置是:Analyst foresees altcoin markets plunging amid the recent surge >>正文
Analyst foresees altcoin markets plunging amid the recent surge
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛97人已围观
简介Widely-followed crypto analyst Crypto Capo has suggested that altcoin markets could collapseAccordin...
- Widely-followed crypto analyst Crypto Capo has suggested that altcoin markets could collapse
- According to the crypto expert, Cardano (ADA) is obviously bearish
Popular crypto strategist Crypto Capo has stated that he is not yet bullish on most altcoins, indicating that 99% of them are showing signs of a slump set to come soon.
Addressing his Twitter following yesterday, the crypto trader spoke in retrospect to the recent upsurge in crypto markets crossing into the new month. Market leader Bitcoin cruised upwards of $43k, and as expected, several altcoins tagged along in growth.
However, the pseudonymous crypto investor said that while altcoins undergo imminent market growth, the joy could be short-lived since they could well be leading investors into a bull trap.
“Some people may think I’m biased to the downside. Later I will post a lot of examples of altcoins that are doing corrective moves to the upside after breaking key supports,” he said.
ADA is the clearest but SOL, WAVE and COTI too are in the mix
In particular, Capo singled out Cardano (ADA), Solana (SOL), Waves (WAVES), and Coti (COTI) as some of the tokens showing why he has a bearish mood on altcoins. The crypto expert explained that ADA, for instance, is demonstrating clear tells of rejection. ADA/USD trading chart. Source: Crypto Capo
“One of the clearest: ADA.”
Further, Crypto Capo showed that SOL failed to reclaim resistance around $120 and is currently nearing the conclusion of a market rebound. SOL/USD trading chart. Source:Crypto Capo
For COTI, the ticker of decentralised payments platform Coti, Capo noted that it is encountering severe resistance around $0.24. Also, the crypto expert feels that the resurgence of both Waves (WAVE) and Hathor (HTR) would likely come to an end shortly as well.WAVE/USD trading chart. Source: Crypto Capo
“These are just some examples, but 99% of the altcoins look like this. It’s impossible for me to be bullish here, after the break of all the bullish market structure + correctives moves to the upside. You can enjoy the low timeframe pumps while they last, but don’t get too comfy. Time will tell.”
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/8775.html
相关文章
Baby Doge coin up 131% in 2 weeks as other meme coins bleed: why is it rallying?
Analyst foresees altcoin markets plunging amid the recent surgeAlthough dog-themed coins like Shiba Inu (SHIB) and Dogecoin (DOGE) have been hard hit in the past t...
阅读更多
Blue Origin: Jeff Bezos partner Lauren Sanchez to lead an all
Analyst foresees altcoin markets plunging amid the recent surgeBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Blue Orig...
阅读更多
This new drone can collect environmental DNA from tree branches
Analyst foresees altcoin markets plunging amid the recent surgeBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Monitorin...
阅读更多
热门文章
- Spain’s New Bill To More Closely Enforce Crypto
- Dua Lipa Drops Infectious Neo
- Tron Apologises for Claiming That its User Base had Exceeded the 10 Billion Threshold
- Bitcoin price prediction as the US dollar index plummets
- Bulls hold $10,800 as Bitcoin closes above major support area for the ninth week in a row
- Here’s why the FTX Token (FTT) price is soaring
最新文章
Watch a UK drone firm perform a world
Don't ignore crypto as an asset class, warns Blueprint Capital CEO
Top 10 Most Popular Cryptocurrencies in 2022 So Far
CES 2023 debuted the show's first
FTX committed ‘old fashioned embezzlement, says new CEO John J Ray III
Former Twitter chief proposes fund to rouse Bitcoin developers