Broadly adopted crypto strategist Pentoshi is anticipating rallies from Cosmos (ATOM), Bitcoin (BTC), and one low-cap DeFi altcoin.
The crypto analyst tells his 324,700 Twitter followers that the good contract platform Cosmos (ATOM) appears able to outperform the crypto market over the following few weeks.
Because the token finds assist round 0.0006 BTC ($35.42), Pentoshi is anticipating ATOM to rise 100% towards its Bitcoin pairing (ATOM/BTC) to 0.00129 BTC ($76.14).
“ATOM [in my opinion] going to be the most effective if not the perfect performers within the subsequent few weeks
Chart is primed for a significant transfer up and has all the precise components with [technical analysis] + [fundamental analysis] aligning
IMO going to go completely parabolic ala SOL / AVAX”
On the time of writing, ATOM is bouncing off assist at $33 and at the moment buying and selling at $37.42, in accordance with CoinGecko.
Pentoshi’s second altcoin decide is WOO Community (WOO), a deep liquidity community connecting merchants, exchanges, establishments, and decentralized finance (DeFi) platforms.
With the crypto asset at the moment trading at $1.31, just below resistance of its earlier all-time excessive, Pentoshi thinks WOO is a snug maintain with new all-time highs (ATHs) on the horizon.
“WOO replace
Glory awaits, have by no means as soon as offered a token. One other one which I really feel comfy with. Some issues I commerce, some issues I maintain. Thus far so good! Hoping they proceed to develop at this pace”
As for an replace on Bitcoin, he notes that the highest crypto asset is exhibiting energy after completely retesting a key Fibonacci degree round $59,985.
“BTC gave an ideal retest at a shallow [Fibonacci] degree on a ten% dip after breaking ATH’s and appears to be arrange for continued value discovery”
With BTC probably forming larger highs and better lows, he’s targeting a bullish transfer to the $64,500 and $65,000 vary.
“BTC low for the day doubtless in
Potential [higher low] on [lower time frames]
Want to see [a] transfer to 64.5-65k”
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