364
151 shares, 364 points

Popular trader Josh Moden shares 3 altcoin projects that he took on his radar with big technical moves to reach ATH.

Blockchain giant Ripple is in the first place

The first altcoin on Moden’s list is XRP. According to the analyst, Ripple recently made a big profit in its lawsuit with the SEC. Specifically, the SEC was ordered to explain, among other things, how the Howie test is applied to XRP, what is the status of Ether and Bitcoin, and that XRP is sold as investment contracts. At the time of the video, XRP was around $1.09 and was trading in a downtrend. Moden says he bought it at $1.05:

We had this level of liquidity that I mentioned and we will dive into it. XRP dipped around 1.05, which is my point of purchase.

However, the analyst says that as long as the market is doing well, XRP will soon break this trend:

I am looking for a movement towards $1.16 and if we can see that we will definitely go towards $1.25… Then we will do a natural retest before we see the price go up to $1.50 and even $2 very soon.

Next altcoin: Utrust (UTK)

Next on the list is Utrust (UTK), a solution to the problems that result in the low cost-dollar availability of cryptocurrency as a means of payment, especially the underdeveloped transaction security of payment platforms and relatively high fees. At the time the video was shot, UTK was trading at $0.4 and was retesting the basic demand level at around $0.38.

According to the analyst, UTK appears to be in a breakout phase, which means the price is preparing to move up. The next target is $0.66 for Moden, the previous high in August:

I think we will close 0.60 to 0.66 as our next main padding point. Consolidation, then many pumps, and then consolidation, pumps, consolidations, etc. You can see that it has a habit. That’s why I think we’ll see that the next padlock is completely there.

Vechain (VET) is in last place

Last on the list is Vechain (VET), a blockchain-powered supply chain platform. At the time the video was taken, VET was around $0.13 and was trading in an uptrend.

Cryptocoin. com, Moden, whose analysis we share, says that the first target in VET price is $0.146:

We are moving towards our target of $0.146, which we have had for weeks. There are some really exciting things to come for Vechain, one of our favorite projects.

Moden suggests that a valid entry point for VET is around $0.128 and $0.138:

If you feel you are missing out, we do not enter the trade, here it will be a good entry point as long as the uptrend continues, and there are suitable buying points anywhere between $0.128 and $0.138. Therefore, if you want to be included when it comes to the test again, you can try your luck there.


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151 shares, 364 points

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