A prominent analyst says Bitcoin (BTC), Terra (LUNA), and a low cap altcoin are preparing for their next steps.
“I still expect this ‘spring movement’ before it starts to explode.”
The source: CryptoCapo / Twitter
The analyst’s chart refers to the Wyckoff pattern, a method used to determine when major investors are creating or selling an asset. Since the tweet, BTC seems to have completed its spring phase and is now heading for a higher high (period (SOS)).
For the smart contract platform Terra (LUNA), whose value has skyrocketed by over 13,000% since January 2021, the analyst sees LUNA consolidating around the $ 75 mark before taking a big leap.
The source: CryptoCapo_ / Twitter
Terra is trading at $ 85.06 at press time, down 4.79% for the day.
Finally, Capo predicts that the low-cap smart contract platform Hathor (HTR) will generate massive profits in the coming months.
Hathor is a scalable Layer 1 platform that combines DAG (Directed Acryl Graph and Proof-of-Work Blockchain). It is one of the few blockchain protocols with an academic background in the field.
Capo highlights the $ 2.08 area as critical resistance for HTR. A break through this range will trigger a strong rally for HTR.
The source: CryptoCapo_ / Twitter
Hathor is currently trading at $ 2, down 2.32% for the day.
You can see the coin prices 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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