Alt Coin

Coin Bureau Bullish on Two Large-Cap Altcoins, Issues Warning on Fantom (FTM) and Near Protocol (NEAR)

The host of fashionable crypto channel Coin Bureau says he’s bullish on two large-cap altcoins, including that two others could must see corrections earlier than additional rallies.

In a brand new video, the analyst referred to as Guy says he’s watching good contract platform Fantom (FTM). While he’s bullish on the altcoin, its relative power index (RSI) seems to be hinting at a coming correction.

“FTM is looking strong on the charts, but the RSI suggests it starting to run out of steam. We’re also approaching a significant zone of resistance around the $2.60 mark so be on the lookout for that if you hold FTM too.”

The analyst says he’s fairly optimistic about Near Protocol (NEAR), a decentralized software (DApp) platform and Ethereum competitor. According to Guy, NEAR’s fundamentals are increase together with stable price motion, however warns merchants to not succumb to FOMO (worry of lacking out) simply but.

“Don’t get too caught up within the FOMO although. The chart means that NEAR is nearly accomplished pumping and we might see it drop as little as $12 to $13 within the days forward because it enters one other consolidation section. “

Guy names two altcoins he thinks are poised to rally. First up is DeFi protocol Aave. According to the analyst, Aave’s every day chart might have a cool-off, however on a weekly scale, the altcoin appears to be like prepared to interrupt the $300 mark and doubtlessly run till resistance at $400, which is 53% away from present costs.

Aave’s pump on the opposite hand appears to be getting began. It’s been brought on by the information {that a} Swiss financial institution known as SEBA can be integrating the institutional model of the save protocol o permit its protocols to do DeFi in a compliant method…

Even although Aave is a bit overextended on the every day, the weekly chart reveals that it has the momentum it wants to interrupt via the zone of resistance on the $300 mark within the coming months. I think Aave will begin to stutter across the $400 mark which is its subsequent zone of price resistance.” 

Secondly, Guy has his radar locked on Cosmos (ATOM), a undertaking that goals to be the “internet of blockchains,” and expects new all-time highs to be simply across the nook.

“ATOM’s price action looks eerily similar to Aave’s in that its weekly price momentum is massive. If we see a repeat of what happened in May, it won’t be long before ATOM sees another all-time high.”

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Featured Image: Shutterstock/Tithi Luadthong/Vladimir Sazonov

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