A crypto strategist who continues to build a following on altcoin calls in a timely manner is outlining what’s in store for three digital assets including XRP and Ethereum (ETH).
Analyst pseudonym Altcoin Sherpa tells his 183,100 followers on Twitter that he is bullish on XRP and sees the seventh largest cryptocurrency by market cap sparking a healthy rally in the short term.
XRP: The Standard…
The targeting range is high.
At the time of writing, XRP is exchanging hands for $0.41, an increase of over 8% over the past 24 hours.
Next leads the Ethereum smart contract platform. According to Altcoin Sherpa, he expects ETH to correct more before carving a bottom and reversing its downtrend.
ETH: $1,000 – $1,200 for the next zone depending on the volume profile. There should be some decent support in this range.
Fractional price. You see these types of double bottoms for reversals on all time frames. That’s what a potential bottom would look like, in my opinion.”
At the time of writing, Ethereum is valued at $1,334, down nearly 3% on the day.
Another alternative coin on the trader’s radar is Chiliz (CHZ), the original origin of a platform designed to code sports and esports in order to encourage fan engagement. According to Altcoin Sherpa, CHZ bulls could trigger a rally if they can break the immediate resistance at $0.25.
“This looks intimidating on all time frames but still one of the top performers. Possible 4-hour double top, plus this is still a resistance area. If it breaks to the upside, $0.30 will be the next area up, in my opinion.”
At the time of writing, CHZ is changing at $0.24, down more than 3% in the past day.
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