Popular crypto analyst Cantering Clark believes two altcoin projects could be ready to rise while one sector of the markets is showing signs of strength. Let’s examine Cantering Clark’s predictions together…
Cantering Clark: Synthetix looks set to rise
While Bitcoin has mostly moved sideways, popular analyst Cantering Clark tells his 60,200 followers that he is closing a short position on Synthetix (SNX) as the decentralized finance (DeFi) sector is starting to show bullish signs. Cantering Clark adds the following to his comments on the subject:
Turn it off before it’s done. DeFi is showing its strength right now.
Cantering Clark: These 2 altcoin projects are ready to rally!
The two DeFi altcoin projects preferred by the analyst are SushiSwap (SUSHI) and Uniswap (UNI). Both cryptocurrencies are tokens for Ethereum-based decentralized exchanges (DEXs) that use smart contracts to create markets for any cryptocurrency pair.
At the time of writing, SUSHI is 3% according to CoinMarketCap. It is trading at $9.37, up 71 percent. According to Cantering Clark, SUSHI may finally be ready for a comeback. The analyst says he used the Hull movementollarsy average, a directional trend indicator, to confirm SUSHI’s recent bounce. Cantering Clark adds the following to his comments on the subject:
SUSHI seems to want to run. As altcoins are, I rely on a Hull daily to filter out what looks like legs.
Cantering Clark: Bitcoin will see these levels in the short, medium and long term
As we previously reported as , when it comes to Bitcoin, the crypto analyst continues his long-term bullish on the top cryptocurrencies. However, he expects BTC to continue sideways trading in the coming months. Cantering Clark adds the following to his comments on the subject:
I know I can get people confused about what I mean when I tweet in a bearish or bullish tone. I am intraday focused. Still, it can be fixed and updated. In the near term: rise from a dead cat bounce. Mid-term: bearish, no ATH (all-time high), wide range. In the long run above $100,000…
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