The host of fashionable crypto channel Coin Bureau says he’s bullish on two large-cap altcoins, including that two others could have to 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 energy index (RSI) seems to be hinting at a coming correction.
“FTM is trying robust on the charts, however the RSI suggests it beginning to run out of steam. We’re additionally approaching a big zone of resistance across the $2.60 mark so be on the lookout for that if you happen to maintain FTM too.”
The analyst says he’s fairly optimistic about Near Protocol (NEAR), a decentralized utility (DApp) platform and Ethereum competitor. According to Guy, NEAR’s fundamentals are increase together with stable worth 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 may see it drop as little as $12 to $13 within the days forward because it enters one other consolidation part. “
Guy names two altcoins he thinks are poised to rally. First up is DeFi protocol Aave. According to the analyst, Aave’s day by day chart may have a cool-off, however on a weekly scale, the altcoin appears prepared to interrupt the $300 mark and probably 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 attributable to the information {that a} Swiss financial institution known as SEBA will likely be integrating the institutional model of the save protocol o enable its protocols to do DeFi in a compliant method…
Even although Aave is a bit overextended on the day by day, the weekly chart reveals that it has the momentum it wants to interrupt by way of the zone of resistance on the $300 mark within the coming months. I believe Aave will begin to stutter across the $400 mark which is its subsequent zone of worth resistance.”
Secondly, Guy has his radar locked on Cosmos (ATOM), a mission that goals to be the “web of blockchains,” and expects new all-time highs to be simply across the nook.
“ATOM’s worth motion appears eerily much like Aave’s in that its weekly worth momentum is very large. If we see a repeat of what occurred in May, it gained’t be lengthy earlier than ATOM sees one other all-time excessive.”
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https://dailyhodl.com/2021/12/28/coin-bureau-bullish-on-two-large-cap-altcoins-issues-warning-on-fantom-ftm-and-near-protocol-near/