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Crypto Rand says a select number of altcoins including Ethereum (ETH) and XRP are poised to trigger bullish breakouts.
Rand tells its 220,000 Twitter followers that Ethereum, referred to as “the money printer”, is poised to launch the next step as it violates the resistance of a bullish continuation pattern.
“ETH wants to catch up with BTC. Bull Bursting Banner.”
The trader is also looking into Ripple’s native XRP asset, which he thinks it is poised to break out of the resistance at $ 0.28 and then $ 0.33.
“XRP wants to join the party. Bullish breakout. “
Rand is also optimistic about the Basic Attention Token (BAT) blockchain-based digital advertising platform. The dealer he expects crypto token is up nearly 30% to over $ 0.28 as BAT exits a bullish reversal pattern.
“BAT | Wonderful setup. “
Regarding the Matic Network (MATIC) blockchain scale solution, Rand you think that the stage is set for the small cap altcoin to catalyze a bullish rally after MATIC eliminated the diagonal resistance that has kept the coin bearish since August.
“MATIC | What an amazing setup! “
Rand is also keeping an eye on the treasury of decentralized finance (DeFi), dear yearn.finance (YFI).
The trader implies that the brutal correction, which sent YFI from an all-time high of $ 43,873 in mid-September to around $ 12,260 earlier this month, may have come to an end. The trader highlights price levels of around $ 16,000, $ 20,000 and $ 34,000 as areas of interest for bulls.
“It seems $ YFI wants to fly. “
Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock / Art Furnace
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