A closely followed crypto analyst and trader says one explosive altcoin continues to look bullish while predicting rallies for four additional crypto assets.
Trader Scott Melker tells his 673,200 Twitter followers that he expects smart contract platform Avalanche (AVAX) to print a fresh all-time high above $100 after retesting key support around $80.
“New all-time high. Look for the support flip. Insanely bullish chart, nothing but higher lows and higher highs.”
Next is Binance Coin (BNB), the utility token that powers the Binance ecosystem. According to Melker, he sees BNB printing a new all-time high close to $700.
“Did a drawing, price did the same.”
Another coin on Melker’s list is interoperable blockchain Polkadot (DOT), which he says is ready to surge to new all-time highs above $60 after converting resistance at $50 into support.
“Nice retest for now.”
Melker is also keeping a close watch on decentralized music streaming protocol Audius (AUDIO). According to the crypto analyst, AUDIO has one more resistance left at $4.99 after it took out the diagonal resistance that has kept the market bearish for over two months.
“Going for it.”
The last coin on Melker’s radar is next-gen gaming metaverse project Star Atlas (ATLAS). According to the crypto strategist, a move above resistance at $0.17 would likely send ATLAS soaring to his target above $0.24.
“One of my bigger positions, long-term investment and no intention of selling for years. But if you are trading, a breakthrough this resistance should send it flying.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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