Top Crypto Trader Predicts Coming Meetings For Ethereum, Polkadot And Two Other Altcoins Despite Weak Crypto Markets

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A closely followed cryptocurrency strategist and trader says he sees further rallies for Ethereum (ETH), Polkadot (DOT) and two other altcoins despite the continued correction in the digital asset market.

Alias ​​trader Pentoshi tells his 268,200 Twitter followers that he expects Ethereum to rally in the coming weeks as the major smart contract platform continues to trade above support at $ 3,200.

“It’s almost like the late sellers are going to be punished and this is one day, three days and one week support in a bull market. Nothing bearish on this chart here. Buyers are likely rewarded within 1-2 weeks.

Source: Pentoshi / Twitter

Looking at Polkadot, Pentoshi is bullish on the interoperable blockchain against Bitcoin (DOT / BTC) as he believes a fundamental catalyst could drive the value of the pair to higher highs.

“Officially looking for entries now. I should have aped. In my opinion, this will absolutely send.

FA (fundamental analysis) wise has parachains that should push this further in the next 4-6 weeks

Giga is sending vibrations right now. Price discovery soon on the BTC pair.

Source: Pentoshi / Twitter

Parachains are at the heart of the Polkadot network as they can be customized to perform various use cases. According to Polkadot, the parachains should be released this year.

Another piece on the trader’s radar is the Tezos smart contract platform (XTZ). Pentoshi predicts that Tezos will rally by more than 40% amid growing investor interest in Layer 1 platforms.

“Price discovery next week on USD pair, rally to upper resistance on BTC pair.

It was the L1 lagging behind but not anymore. Too much is going on there organically and the volumes show what’s coming next week

It is bullish. $ 10 and more in my opinion. “

Source: Pentoshi / Twitter

Next is the SKALE elastic blockchain network, which the trader says is poised to break through against Bitcoin (SKL / BTC) as it continues to consolidate near resistance at 0.000008 BTC or $ 0.36. Pentoshi also mentions a few fundamental catalysts that can increase the value of SKL / BTC.

“I bought some, but more interested in FA. NFT without gas (non-fungible tokens) and scaling to come. The chart looks great, although it is a movement in my opinion. Low range to high range swing trade. Recent uptrend in my opinion = breakout accumulation. 2 to 4 weeks delay.

Source: Pentoshi / Twitter Don’t Miss a Beat Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest news : Opinions expressed in Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your 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 / Pavel Chagochkin

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