A prominent analyst looks at the next outlook for BTC, ETH and a mid-cap altcoin.
The person known in the industry as Inmortal told his Telegram subscribers that the Cosmos (ATOM) chart looked very positive.
“ATOM / USD
I like this chart.
Test the demand zone on the daily chart again and create a deviation. This is an extremely bullish signal and it usually results in a sharp rise. $ 45 within reach. “
The source: Immortal / Telegram
In one tweets As shown in the table above, Inmortal added that.
“ATOM is undervalued.”
At the time of writing, ATOM is trading at $ 30.20, up more than 15% from the week but still well below September’s all-time high of $ 44.73.
Next up, Inmortal looks at Bitcoin, which recently fell from a new ATH above $ 69,000 to below $ 56,000. His forecast for the top cryptocurrency is very clear.
“Do or Die”.
The source: Immortal / Twitter
The analyst outlines a rally for BTC where $ 61,000 is a major breakout level.
“Dream scenario WHEN BTC reclaims $ 61,000.”
The source: Immortal / Twitter
Bitcoin is currently trading at $ 57,076.
Inmortal concludes its cryptanalysis with a look at the leading smart contract platform Ethereum. The analyst believes ETH is on the cusp of outperforming Bitcoin in terms of market capitalization known as “flipping – a possible future event where Ether wins over Bitcoin”.
“Turn around, it’s only a matter of time.”
The source: Immortal / Twitter
At the time of writing, ETH is trading at $ 4,291 with a market cap of $ 522.6 billion. This is roughly half that of Bitcoin, which is worth more than $ 1 trillion.
You can see the price of the coin Here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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