The anonymous host of cryptocurrency channel InvestAnswers is listing one altcoin that he expects to “skyrocket.”
InvestAnswers tells his 409,000 YouTube subscribers that Cosmos (ATOM), a network of many independent but interconnected blockchains known as zones, is slated to surge by about 40% in a month or less.
“It ’s pretty clear to me that we will hit $ 45 in probably a month or less. It ’s pretty clear to me that we will hit $ 45 in probably a month or less. [ATOM] Not much selling pressure on the horizon and we should be able to get to that level. [of] $ 45 which it hit four or five times in the last couple of months. ”
ATOM is trading at $ 31.08 at time of writing.
Next up, InvestAnswers says that Ethereum (ETH) is currently at the 0.5 Fibonacci level, a key Fibonacci retracement level that represents the halfway mark of a prevailing trend.
The crypto analyst adds that ETH could hit a new all-time high if it manages to break above the 50 and 200-day moving averages.
“We’re now getting close to the 0.5 Fibonacci level, about $ 3,300. Notice as well we need to break through the 50-day moving average. And then the next is to break through the 200-day moving average. And then we’ ll get to hopefully $ 3,700. After that, $ 4,150. After that, new all-time high $ 4,800. ”
ETH is trading at $ 3,146 at time of writing.
Next up is the native token of Terra (LUNA), a blockchain protocol consisting of a suite of decentralized stablecoins.
The crypto analyst says that LUNA is eyeing the $ 65 price level after bouncing off the 200-day moving age.
“This one [LUNA] is making a nice recovery too…
We are heading back towards the 0.386 Fibonacci level of $ 65. And then after that, you know LUNA can move very very fast when it wants to. ”
LUNA is trading at $ 55.55 at time of writing.
The crypto analyst says that AVAX is in an overbought zone based on the Relative Strength Indicator (RSI). The RSI indicator ranges from 0 to 100 – where 70 or higher indicates overbought conditions, and potentially the end of a rally, while 30 or lower indicates oversold conditions, and potentially the end of a sell-off.
“Avalanche did get rejected off the $ 95 level. It’s now at about $ 87 and the RSI is quickly approaching over bought…
Avalanche chart might be running a little bit out of steam, we’ll see. But hitting $ 95 was a clear selling point. ”
AVAX is trading at $ 88.85 at time of writing.
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