The closely watched cryptocurrency analyst and trader is expressing bullish sentiments about the top 10 altcoins by market capitalization.
The analyst, who goes by the pseudonym DonAlt, tells the 59,100 subscribers of the TechnicalRoundup YouTube channel that the price action of BNB, the native token of the BNB chain, currently suggests huge upside potential.
“I like BNB… I like BNB charts. This is BNB/USD (chart) and it is basically begging for a breakout. I think the dip on this is just buying.”
BNB is trading at $561 at the time of this writing.
A decline of around 20% from current levels would make the fourth-largest cryptocurrency asset by market capitalization unattractive in the long term, according to an anonymous analyst.
“Anything under $450 would look a little odd. But in general this seems very powerful.
And if you look at the BNB/BTC pair, you can see what absolute dominance looks like. If you look at it in person, it’s a really nice chart. So, if you want to have a coin that actually looks good… BNB is one of them. “That chart looks really great.”
Next is Bitcoin (BTC). Bitcoin’s behavior at two key levels will signal where the flagship cryptocurrency asset is likely to head next, according to closely-watched analysts.
“On the monthly chart, closes above $70,000 will probably go to $80,000, $90,000. Closes below $57,000 will probably go to $45,000.”
At the time of this writing, Bitcoin is trading at $58,840.
On Ethereum (ETH), DonAlt says:
“If the stock closes above $3,000 this week… You could say it could go back to $4,000. So, I am more bullish on ETH at this point than I have been in almost years.”
At the time of writing, Ethereum is trading at $2,988.
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