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Leading cryptocurrency strategist and trader known as “Crypto Rand” is optimistic about the recent rise in Bitcoin.
According to him, a select number of altcoins, including Ethereum (ETH) and Ripple (XRP), are poised to trigger new highs.
To his 220,000 Twitter followers, Rand said Ethereum, which he calls “the money printer,” is ready to launch its pricing into a new phase.
This occurs, according to him, when the asset breaks the resistance of a bullish continuation pattern.
“ETH wants to reach BTC. Flag of the exploding bull.”
XRP will activate
The trader is also looking at Ripple’s cryptocurrency, XRP. Therefore, he believes the cryptocurrency is poised to break out of the resistance of first $ 0.28 and then $ 0.33.
“XRP wants to join the party. High break, “he said.
Rand is also optimistic about the Basic Attention Token (BAT) blockchain-based digital advertising platform.
For the trader, the asset will rise nearly 30%, to exceed $ 0.28, from a bullish reversal pattern. Therefore, according to him, a new bullish configuration for BAT is near.
“BAT Wonderful setting.”
Other altcoins with the possibility of recovery
As for the Matic Network (MATIC) blockchain scale solution, Rand believes the scenario is set for small cap altcoins to catalyze a rise.
This is after MATIC raised the diagonal resistance that has kept the cryptocurrency low since August.
“MATIC | What an amazing setup! “
Rand also looked at decentralized finance (DeFi) yearn.finance (YFI), which has undergone a sharp correction recently.
The YFI moved from a high of $ 43,873 in mid-September to around $ 12,260 earlier this month.
In this regard, the trader suggested that the brutal token correction may have come to an end.
Therefore, Rand highlights price levels of around $ 16,000, $ 20,000, and $ 34,000 as areas of interest for bulls.
“It looks like $ YFI wants to fly.”
Read also: Important analyst indicates 10 cryptocurrencies to invest in
Also Read: Bitcoin Futures Rise to CME and Reveal Institutional Interest
Read also: The “old” altcoins are about to die, predicts the Bitfinex whale
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