A popular crypto analyst and trader explains his new price target for the blockchain-based game Axie Infinity (AXS), saying that the leading altcoin Ethereum (ETH) is poised for a wild rally. Analyst’s shares Cryptocoin. com we have compiled it for its readers.
Altcoin projects that the analyst expects to rise: ETH, AXS and ATOM
The pseudonymous analyst, known as Pentoshi, tells his 333,400 Twitter followers that he expects Ethereum to continue with massive volatility as it threatens to print a new high:
ETH is on the verge of price discovery. The next step has to be one of the craziest ever. It looks great against BTC as well.
According to Pentoshi, Ethereum has no apparent resistance and can suddenly surge above 15% from its current price of $4,339:
I feel that many people, myself included, are pessimistic about ETH. But the holiday makes me more conservative. But there is only clear skies ahead. If these padollars hit, we could quickly see $5,000.
The crypto analyst also looks at the play-to-win game of Axie Infinity (AXS), where he noted that it removed the immediate resistance at $145:
AXS looks set to go for over $200 here. Price discovery awaits. It has an incredibly emerging market structure.
Pentoshi also tracks the performance of Cosmos, a protocol that aims to be the “internet of blockchains”. According to the crypto strategist, Cosmos (ATOM) may be ready to print a bullish Higher Low (HL) setup against Bitcoin:
ATOM. Added a little bit here. Will continue to add. I think it’s at the bottom and it’s an HL formation.