A broadly adopted crypto analyst is naming Terra (LUNA), Cosmos (ATOM) and three extra crypto property as his high altcoin picks for the month of March.
Trader Jason Pizzino tells his 261,000 YouTube subscribers that decentralized finance (DeFi) fee community Terra seems robust after rallying from a low of $43 to just about $100 in slightly over a month.
“[LUNA] has damaged out of loads of these patterns and loads of the [resistance] ranges, and it’s now consolidating at greater ranges. So LUNA is nicely and actually up on my record, particularly once I take a look at the BTC chart (LUNA/BTC). It’s damaged to new highs… When you’re in new all-time highs, it mainly means there’s no different overhead resistance.”
Next up is Cosmos, an ecosystem of blockchains designed to scale and talk with one another. Pizzino says he’s bullish on ATOM because it continues to flash energy in its BTC pair (ATOM/BTC).
“ATOM/BTC is making an attempt to shut again above the 50% [Fibonacci level]. It’s moved as much as new highs, got here again to 50% and now has discovered help [while printing] greater lows.”
Another coin on his record is Near (NEAR), a developer-focused blockchain designed for scalability and stability. According to the crypto strategist, he’s wanting for Near to proceed grinding greater earlier than putting lengthy positions.
“[Near] has additionally climbed again above the 50%… It’s above $10. I might be involved if it broke again below $10 [and] tried to take out the low once more at $7… The low-risk commerce for me can be again above $14 which is [the February 6th] excessive proper right here.”
The final altcoin on Pizzino’s radar is FTT, the native asset of crypto derivatives change FTX. Pizzino says FTT seems bullish after managing to remain above $40 even after the sell-off occasion on February twenty fourth.
“What I do like about FTT in the intervening time is that it has damaged the downtrend. So it’s bounced off these ranges ($40), and it’s making an attempt to consolidate above $44… So above $44 is wanting alright, and above $50 is clearly stronger once more.”
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https://dailyhodl.com/2022/03/06/ethereum-rival-terra-luna-cosmos-atom-and-three-additional-altcoins-bullish-for-this-month-crypto-strategist/
