Widely followed crypto strategist Pentoshi is anticipating rallies from Cosmos (ATOM), Bitcoin (BTC), and one low-cap DeFi altcoin.
The crypto analyst tells his 324,700 Twitter followers that the smart contract platform Cosmos (ATOM) looks ready to outperform the crypto market over the next few weeks.
As the token finds support around 0.0006 BTC ($35.42), Pentoshi is expecting ATOM to rise 100% against its Bitcoin pairing (ATOM/BTC) to 0.00129 BTC ($76.14).
“ATOM [in my opinion] going to be one of the best if not the best performers in the next few weeks
Chart is primed for a major move up and has all the right ingredients with [technical analysis] + [fundamental analysis] aligning
IMO going to go absolutely parabolic ala SOL / AVAX”
At the time of writing, ATOM is bouncing off support at $33 and currently trading at $37.42, according to CoinGecko.
Pentoshi’s second altcoin pick is WOO Network (WOO), a deep liquidity network connecting traders, exchanges, institutions, and decentralized finance (DeFi) platforms.
With the crypto asset currently trading at $1.31, just under resistance of its previous all-time high, Pentoshi thinks WOO is a comfortable hold with new all-time highs (ATHs) on the horizon.
“WOO update
Glory awaits, have never once sold a token. Another one that I feel comfortable with. Some things I trade, some things I hold. So far so good! Hoping they continue to grow at this speed”
As for an update on Bitcoin, he notes that the top crypto asset is showing strength after perfectly retesting a key Fibonacci level around $59,985.
“BTC gave a perfect retest at a shallow [Fibonacci] level on a 10% dip after breaking ATH’s and looks to be set up for continued price discovery”
With BTC potentially forming higher highs and higher lows, he’s targeting a bullish move to the $64,500 and $65,000 range.
“BTC low for the day likely in
Potential [higher low] on [lower time frames]
Would like to see [a] move to 64.5-65k”
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The post Cosmos Primed To Ignite Parabolic Rally While Glory Awaits One Low-Cap Altcoin, Says Crypto Analyst Pentoshi appeared first on The Daily Hodl.