Analyst Says One Altcoin Has Best Looking Chart in All of Crypto, Updates Outlook on Two Ethereum Rivals


A veteran trader says one Ethereum-based altcoin has the best looking chart on the market and that two ETH rivals are set to rally.

The pseudonymous crypto trader known as Cantering Clark says that he’s watching Frax (FXS), an algorithmic stablecoin system.

Track live crypto price of 10000+ coins!


Based on the trader’s analysis, FXS can potentially run to his target at $42.

“There is no better looking chart right now.”

Image
Source: Cantering Clark/Twitter

The closely tracked analyst also has his eye on smart contract platform Avalanche (AVAX). According to Cantering Clark, AVAX also has a uniquely strong market structure, threatening to print fresh 2022 highs.

“Would you just look at how technically sound AVAX looks for a move to the highs.”

Image
Source: Cantering Clark/Twitter

At time of writing, AVAX is trading for $99.36.

Cantering Clark also says decentralized application (DApp) platform Near (NEAR) is gearing up for a strong rally. He points out that NEAR’s last daily candle exceeded both of the previous two and says it could be on its way above $17.

“Send NEAR up through the gap already. Bullish engulfing candle of the last two-day range and above the range highs.”

Image
Source: Cantering Clark/Twitter

Late last year, the NEAR ecosystem announced an $800 million fundraising effort to stimulate growth for its native projects and startups. With half of the funding already distributed, Cantering Clark says traders should take notice.

Related:  SHIB Can Now Be Accepted by Merchants Thanks to New Partnership

“NEAR protocol with over $400 million in funding for the ecosystem announced. Tailwinds during a time like this. Use it to your advantage until it stops working.”

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any 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/Gorodenkoff/Sensvector




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: