Crypto strategist and trader Jason Pizzino says he’s keeping a close watch on Polkadot (DOT), Avalanche (AVAX) and two more crypto assets as the altcoin markets continue to flash signs of strength.
In a new strategy session, Pizzino tells his 210,000 YouTube subscribers that he expects interoperable blockchain Polkadot to continue surging to around $50 after a brief cooldown period.
“One, we want to see consolidation for the move up or two, back [to $28], consolidate, and then the move up. They’re the options that I’m looking for for a positive outcome for a DOT trade.”
Looking at smart contract platform Avalanche, Pizzino says that he’s waiting for AVAX to consolidate before igniting the next leg up.
“If we get the correction lower into previous zones ($45), then it just means that we’re going to need more time in a consolidation period before we can take off again… You want to see the consolidation before the next move. Get in on that breakout. That is a stronger-looking cryptocurrency.”
Next up is Cosmos (ATOM), a crypto asset powering an ecosystem of blockchains designed to scale and interoperate with each other. According to the crypto strategist, he wants to see ATOM trade between $30 and $37 before resuming its price expansion.
“If we get that nice consolidation, give us some rest period, then we take off again. We’re looking sweet. That’s exactly what we want to see.”
The last coin on the trader’s radar is automated market maker SushiSwap (SUSHI). Pizzino says SUSHI must stay above crucial levels to sustain its uptrend.
“This is in a reasonable setup, provided we hold these levels, so around $14. Of course, I don’t want to see it go lower than $12 and at the very worst, this level here, which is at about $9.50 because that is your higher lows… If the lows start to breakdown, then that is considered a downtrend.”
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