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Top Analyst Predicts Rallies for Fantom and One Ethereum-Based Altcoin, Says ETH Looks ‘Hella’ Bullish

by Caio Rodrigues
March 15, 2023
in Altcoin
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Top Analyst Predicts Rallies for Fantom and One Ethereum-Based Altcoin, Says ETH Looks ‘Hella’ Bullish
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A crypto analyst recognized for precisely calling Bitcoin’s (BTC) 2018 backside believes that bullish value actions are in retailer for Ethereum (ETH), Fantom (FTM) and one low-cap altcoin.

Pseudonymous analyst Good Contracter tells his 221,400 Twitter followers that Ethereum rival Fantom seems prepared for an uptrend after finishing its corrective transfer down and breaking out of a diagonal resistance.

“Good FTM downtrend break on USD pair and BTC pair and macrostructure is a giant clear three wave transfer down. Arduous to not be searching for longs on some issues now in gentle of this weekend value motion.” 

Image
Supply: Smart Contracter/Twitter

Good Contracter practices the Elliott Wave concept, a sophisticated technical evaluation strategy that tries to foretell future value motion by following crowd psychology that tends to manifest in waves. Based on the speculation, a bullish asset usually resumes its uptrend following a three-wave transfer down or an ABC wave.

At time of writing, FTM is buying and selling for $0.413, effectively above the analyst’s diagonal resistance at $0.37.

Subsequent up is the blockchain indexing protocol The Graph (GRT). Based on the crypto dealer, GRT additionally seems bullish after concluding its ABC wave down.

“So many alts look wonderful.

GRT additionally has a clear ABC down on weekly after five-wave rise.” 

Image
Supply: Smart Contracter/Twitter

At time of writing, GRT is value $0.144, up over 10% up to now day.

Taking a look at Ethereum, Good Contracter says the highest altcoin seems robust after rallying from a low of $1,372 on March tenth to shut the earlier week above $1,500.

“Rattling, ETH weekly wanting hella bullish now, absolute stable purchase again heading into the shut.” 

Image
Supply: Smart Contracter/Twitter

At time of writing, Ethereum is buying and selling for $1,678, a rise of over 5% within the final 24 hours.

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Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.

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Tags: AltcoinAnalystBullishETHEthereumBasedFantomHellaPredictsRalliesTop
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