Bitcoin, Ethereum and One ETH Challenger Prepare for Breakout, According to Crypto Strategist
A closely followed crypto trader believes that Bitcoin (BTC), Ethereum (ETH) and another smart contract protocol are likely to set up for rallies.
Pseudonymous cryptoanalyst Inmortal tells his 194,000 Twitter followers that he thinks Bitcoin will likely retest support around $24,000 before igniting the next leg up and then breaking out.
“Give me a weekly open retest to long BTC, please.”
At the time of writing, Bitcoin is worth $24,103, still well above Inmortal’s void point of $23,800.
Looking at Ethereum, Inmortal shares an inverse chart of ETH, showing that he expects the leading smart contract protocol to rise to as high as $2,100.
“It is over.”
At the time of writing, ETH is worth $1,651.
Looking at Ethereum rival Solana (SOL), the crypto strategist expects the altcoin to rise once it crosses a key resistance area.
“Fireworks over $25.”
Immortal too says that Solana is his “bear market conviction play”.
“I got a lot of taunts for continuing to collect SUN around $14, much more than when I bought ETH around $100 in 2019. I’m saying it today, I said it when it was at $8, and I’ll say it when it’s a new all-time high.”
At the time of writing, SOL is trading at $24.42.
Inmortal also keeps an eye on the Chainlink (LINK) decentralized oracle network. According to the analyst, LINK is likely to break out if it gets above $9.
“LINK weekly structure.
Price at high timeframe resistance.
Above $9 it will go hard.”
At the time of writing, LINK is worth $7.47.
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