Analyst Known for Calling Bottoms Says Fantom and Two Other Altcoins Flashing Warning Signs for Crypto Market
A crypto strategist who nailed Bitcoin’s (BTC) 2018 bear market backside says {that a} trio of altcoins is giving warning indicators for the remainder of the crypto markets.
Pseudonymous analyst Sensible Contracter tells his 222,300 Twitter followers that he has decreased his crypto holdings after seeing the charts of Fantom (FTM), The Graph (GRT) and dYdX (DYDX).
In accordance with the crypto strategist, the three altcoins seem like on the cusp of a sell-off occasion.
“Haven’t checked out any charts over the previous couple of days over Easter, however I truly simply trimmed some publicity now after having a correct scan.
Seeing fairly a number of bear flags breaking down on plenty of alts which can be giving off warning indicators for the remainder of the market.”
Wanting on the dealer’s chart, it seems that Ethereum (ETH) rival Fantom has already taken out the diagonal help of the bear flag, with the subsequent help at round $0.386.
At time of writing, FTM is buying and selling for $0.453.
As for blockchain-indexing protocol The Graph, the crypto analyst shares a chart displaying that GRT is within the midst of an ABC corrective wave whereas buying and selling in a bear flag with a draw back goal at $0.12.
At time of writing, GRT is buying and selling for $0.144.
Wanting on the decentralized trade dYdX, the dealer shares a chart to indicate that the altcoin has already damaged down from a bear flag.
At time of writing, DYDX is value $2.47.
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