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Home»ALTCOIN NEWS»Crypto Trader Says AI Altcoins Are ‘The One To Focus’ On And Pinpoints The Entry Prices Of 3 Projects
ALTCOIN NEWS

Crypto Trader Says AI Altcoins Are ‘The One To Focus’ On And Pinpoints The Entry Prices Of 3 Projects

By Crypto FlexsFebruary 21, 20243 Mins Read
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Crypto Trader Says AI Altcoins Are ‘The One To Focus’ On And Pinpoints The Entry Prices Of 3 Projects
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A renowned cryptocurrency trader is pinpointing potential entry points for three popular artificial intelligence (AI) altcoins.

A pseudonymous analyst known as Altcoin Sherpa encourage 207,700 followers on social media platform

“Considering how difficult some of these are, I see the .236 fib and .382 fib areas as a good starting point. It won’t all fit into one entry. Don’t FOMO. A withdrawal will probably come soon.

This is more like a transaction than an investment. When it comes to investing, it’s better to scale up and then go into a coma and not trade and just leave it there for a while.

I wouldn’t be surprised if we see some sort of mild decline or consolidation soon. If you see it lasting for several days at these high levels, that’s pretty good. “We want the volume to go down significantly.”

Traders use Fibonacci extensions in technical analysis to estimate profit targets and price declines. It is based on Fibonacci ratios.

Fetch.ai, a decentralized artificial intelligence platform for applications, is trading at $1.06 at the time of this writing. Potential entry points for the asset on the Altcoin Sherpa chart are $0.7669 and $0.6856.

Source: Altcoin Sherpa/X

Worldcoin, the controversial eye-scanning biometric encryption project, is trading at $6.72 at the time of this writing. Altcoin Psycho’s chart for the asset indicates potential entry points at $6.618 and $5.764.

video
Source: Altcoin Sherpa/X

Bittensor, a decentralized blockchain platform focused on machine learning and AI, is trading at $628.33 at the time of this writing. Altcoin Psycho indicates potential entry points at $586.68 and $517.75.

video
Source: Altcoin Sherpa/X

The analyst also points out that traders should watch out for volatility, high volume and two-way wicks.

“That usually means there’s some sort of regional or larger summit here.

I play by ear, but yes, I think AI play is still something I need to focus on. Leaders like TAO and WLD should be the first to focus. When they start to fall back, so does everything else.

That means we need to start thinking about the AI ​​bag of this cycle. It’s not too late. “Don’t just sit there because you’re ‘already pumped.’”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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