The cryptocurrency analyst and trader Jason Pizzino estimates that three best altcoins could form bullish inversions after the market correction.
In a new video, Pizzino said to its 348,000 YouTube subscribers that Ethereum (ETH) could soon return to $ 3,000 as a support after rebounded at a hollow of about $ 2,100.
“Overall, smart money bought this fairly strong thing. He has reached all the targets now up to 150%, so it’s $ 2,100 to $ 2,200…
We are now looking for closings over $ 2,900. Another massive thing about this bar is that it had a huge volume, and he refused to return above all these previous summits to $ 2,700. It was the previous support area …
He must return above this low swing here at $ 2,950, then ideally above this level of 50% to around $ 3,100. »»
He also says that the ETH in his Bitcoin (ETH / BTC) pair on the weekly graph can form a double -bottomed model, which is generally considered as a bull’s inversion model.
“ETH / BTC pairing, it must return above these swinging stockings …
Double potential low here with the bottom of December 2020, it is back at around 2.2%, so we could be in a kind of double kick here. »»
ETH / BTC is negotiated at 0.02750 BTC ($ 2,663) at the time of the editorial staff, down 2.83% in the last 24 hours.
Then, the analyst indicates that the RIPPLE XRP can print a lower bruise price model on the daily graph after having rebounded from $ 1.80.
“Maybe you got a little more inconvenience here in a lower lower with more fear in feeling.”
XRP is traded at $ 2.51 at the time of the editorial staff, down 7.3% in the last 24 hours.
Finally, he says that the competitor of Ethereum Solana (floor) can recover $ 235 as a support after having bounced back to a hollow of “panic”.
“We see another low panic (at $ 176.). As a rule, from these panics, these are reversal points. We could therefore be in a reversal here. And then you would just look at your following levels at 50%, so $ 235 – so some close above $ 235, $ 250 ideally, it will be a pleasant and stronger position for Solana in the future. »»
Solana is negotiated on $ 205 at the time of writing, down 5.2% in the last 24 hours.
https://www.youtube.com/watch?v=vzcm2inqlyw
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