A well-liked crypto analyst identified for calling the 2018 Bitcoin (BTC) backside is bullish on one prime Ethereum (ETH) rival.
Pseudonymous dealer Sensible Contracter tells his 221,800 Twitter followers that Fantom’s (FTM) worth chart appears to be like “actually good.”
“I’m liking FTM right here, strong 17% dip, bouncing from key help and construction thus far has solely been a 3 wave transfer down. Price a protracted [in my opinion].”
FTM is value $0.468 at time of writing. The Forty third-ranked crypto asset by market cap is down 2.36% previously 24 hours however stays up greater than 135% because the begin of the 12 months.
Sensible Contracter can also be bullish on the governance token for the Frax (FXS) stablecoin protocol.
“Actually liking FXS right here, stunning 5 wave rise from the lows and three wave transfer again right down to the 0.618. Anticipating pattern continuation from right here upwards of 40%.”
FXS is buying and selling at $7.90 at time of writing. The Eightieth-ranked crypto asset by market cap is down greater than 2.5% previously 24 hours.
By way of different crypto belongings, Sensible Contracter says he’s now an “ETH maxi” as a result of the second-ranked crypto asset by market cap handed a goal worth in opposition to Bitcoin within the first quarter of 2023.
Ethereum is buying and selling at $1,734 at time of writing, down 3.75% previously 24 hours.
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