A generally followed Crypto analyst says that the market is preparing for a reversal after a strong switch to the benefit.
In a new thread, pseudonymous crypto trader crypto capo tells His 132,000 followers on the Instant Messaging app Telegram that taking profit can be the optimum game, because Altcoins look ready to crash after a strong increase.
“Analysis has been played as expected. Very strong bullish sets. Bitcoin reached $ 98,000 and went even higher (probably up). Ethereum has reached $ 2,300. Solana is also against the most important resistance of $ 170-200.
Altcoins have pumped 30% -100% what now? I take more profit here. 50% [took profits] Al. Returning must be strong. “
According to Capo, Ethereum (ETH) has the second largest digital active active in market capitalization- reaches His resistance zone and will soon form a local top before he makes a “strong bearish.”
“The support of $ 1500 held and the price has now reached the resistance zone of $ 2,000-2,300. Expect a local top formation here and then.”
ETH is traded for $ 2,290 at the time of writing, an increase of 11.5% during the last 24 hours. The graph of the trader seems to indicate that Ethereum could fall below $ 1,200 somewhere near June.
Transfer to Eth -Rival Solana (SOL), Capo out The smart contract platform could continue its upward momentum, because it surpasses the flagship Crypto activa.
“Sol seems ready to achieve the main objective of $ 170-200, which performs better than BTC. The Solana ecosystem must continue to rise.”
Solana acts for $ 170.68 at the time of writing, an increase of 7% during the last day.
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