Crypto strategist predicts Ethereum’s steep rally and names an altcoin that could erupt the next bull market
A popular crypto analyst is forecasting a surge for Ethereum (ETH) against both the US Dollar and Bitcoin (BTC).
The pseudonymous crypto-strategist known in the industry as Kaleo tells his 535,400 Twitter followers that Ethereum seems primed for a strong rally as it threatens to clear its diagonal resistance on the lower timeframes.
“Actual acceleration of sending for ETH should come from breaking the resistance indicated by the green arrow below.”
Source: Kaleo/Twitter
At the time of writing, Ethereum is changing hands at $1,764, up 1.53% on the day.
Opposite to Bitcoin, Kaleo says that the ETH/BTC pair just bounced off a key support area and now appears to be preparing for a 23 percent rally towards its target.
“ETH/BTC continues to strengthen after the .0.1+ upleg [BTC] is a magnet.”
At the time of writing, the ETH/BTC pair is trading at 0.081 BTC ($1,751).
Kaleo is also watching Cosmos (ATOM), a blockchain ecosystem designed to scale and communicate with each other. According to Kaleo, ATOM/BTC has “explosive potential” as the pair is in a multi-year accumulation phase.
“The Cosmos ecosystem has continued to show strength during the bear market and it’s going nowhere. It will be well above that range by the next bull market… Two and a half years of consolidation of what it looks like and a market cap below $5 billion should spell explosive potential for a true bull market….
A 3x or so against BTC over the next few years from the current ratio sounds about right. Maybe not as sexy as some other pieces, but if there’s one thing I’ve learned in the last five years playing this game, it sure beats sexy 9/10 times.”
At the time of writing, ATOM/BTC is valued at 0.0007295 BTC ($15.77).
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Check the price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check the latest headlines
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/thinkhubstudio/monkographic
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.