Cryptocurrency analyst and trader Jason Pizzino believe that three top altcoins may form bullish reversations after the market correction.
In a new video, Pizzino tells His 348,000 YouTube subscribers that Ethereum (ETH) will soon be able to regain $ 3,000 as support after bouncing a low of around $ 2,100.
“In general, the smart money has bought this thing quite damn hard. It is now all goals up to 150%, so that is $ 2,100 to $ 2,200 …
We are now looking for closures above $ 2,900. Another huge thing about this bar is that it had a huge volume, and it closed over all these previous tops for $ 2,700. That was the previous support area …
It should be above this Swing Low here at $ 2,950 and then ideally above that level of 50% at around $ 3,100. “
He also says that in his Bitcoin couple (ETH/BTC) on the weekly graph, ETH can form a pattern with double bottom, which is usually considered a bullish reversing pattern.
“ETH/BTC combination, it must be back above these swing soils …
Potential double bottom here with the low in December 2020, which is back with around 2.2%, so we can have a kind of double bottom here. “
ETH/BTC acts for 0.02750 BTC ($ 2,663) at the time of writing, a decrease of 2.83% in the last 24 hours.
Then the analyst says that Ripple’s XRP can print a bullish higher-layer price pattern on the daily graph after bouncing $ 1.80.
“Maybe you have received a little more disadvantage here in a higher layer with more fear in sentiment.”
XRP acts for $ 2.51 at the time of writing, a decrease of 7.3% in the last 24 hours.
Finally, he says that Ethereum -Competurrent Solana (SOL) can reclaim $ 235 as support after bouncing a “panic” low.
‘We see another panic low [at $176.]. Usually from this panic they are reversal points. So we could have a reversal here. And then you would just look at your next levels at the 50%, so $ 235 – so some close to $ 235, $ 250 ideally, that will be a nice, stronger position for Solana that is making progress. “
Solana acts for $ 205 at the time of writing, a decrease of 5.2% in the last 24 hours.
https://www.youtube.com/watch?v=VZCM2inQLYW
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Follow us on X” Facebook And Telegram
Surf the Daily Hodl -Mix
Generated image: midjourney
Credit : dailyhodl.com
