Trader Cantering Clark says a big reversal is taking place in an altcoin and two other cryptocurrencies building bullish setups.
Clark’s eye on ICE, the governance token that powers the omnidirectional profit optimization platform Popsicle Finance.
With the ICE hitting an all-time high and showing signs of sudden strength, the analyst says a turnaround may be on the horizon. He rates his strength through the ICE / WETH pair.
“OK. This chart is pretty big right now. Narrative + Reputation + Trends of Change”.
The source: Gallop Clark / Twitter
Traders are also keeping an eye on SPELL, the governance token for abracadabra.money, a decentralized financial platform (DeFi) that allows users to deposit interest-bearing collateral in order to borrow money using the stablecoin Magic Internet Money (MIM).
According to Clark, SPELL is showing a change of direction that is unprecedented in the rest of the crypto market.
“SPELL has a clear trend change. The low point of the wedding frame W coincided with the time when most old sellers cooled off after the price had slipped 70-80% from the high. The key players have built up the position. “
The source: Gallop Clark / Twitter
One Ethereum competitor that is on traders’ radar is the Avalanche (AVAX) smart contract platform. According to him, an all-time high could be imminent after a break of $ 120.
“AVAX is a monster. An S / R flip (support and resistance) is possible here with a daily pivot value of around $ 120. The next ATH is coming. “
The source: Gallop Clark / Twitter
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