A closely followed crypto strategist and trader is outlining the bottom targets for Ethereum (ETH) and 2 other altcoins as he thinks the worst of the marketplace pullback is over.
Credible tells his 241,400 Twitter fans that he’s taking a look at Ethereum to bottom out at a weekly support level.
« Nearly to my target, looking for around $2,700 ETH. »
Source: Credible/Twitter
Another coin on the trader’s radar is the peer-to-peer payments network Hedera Hashgraph (HBAR).
The analyst says he’s looking at HBAR to bounce around its « main assistance » at $0.30.
« We had a 46% correction into HTF (high timeframe) assistance after breaking out of a seven-month debt consolidation. This is a HTF bullish retest until/unless this area is lost. This is also the most ideal place to be a buyer of HBAR. »
Source: Credible/Twitter
The crypto strategist is likewise keeping a close watch on Convex Finance (CVX), a decentralized finance procedure developed on top of Curve Finance. Reputable says he expects CVX to bounce at support around $7.00 and rally to a new all-time high.
« Went a little lower than I was anticipating on this dip, however I would be VERY surprised if this was not our regional bottom. CVX. »
Source: Credible/Twitter
When It Comes To Bitcoin (BTC), Reputable thinks that the leading cryptocurrency has already carved a regional bottom at $40,000.
At the time of composing, Bitcoin is exchanging hands at $43,320, according to CoinGecko.
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Disclaimer: Opinions revealed at The Daily Hodl are not investment suggestions. Financiers should do their due diligence before making any high-risk financial investments in Bitcoin, cryptocurrency or digital properties. Please be recommended that your transfers and trades are at your own risk, and any loses you might incur are your responsibility. The Daily Hodl does not advise the purchasing or selling of any cryptocurrencies or digital properties, nor is The Daily Hodl an investment consultant. Please keep in mind that The Daily Hodl participates in affiliate marketing.
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