A top crypto trader says he thinks three under-the-radar altcoins including decentralized exchange ThorChain (RUNE) are gearing up for strong surges.
Starting with decentralized storage network Filecoin (FIL), the crypto analyst believes that there’s no resistance for the altcoin until it hits $5.80.
“I think FIL is going to pull the same move COMP did.
Grind up to a pocket of liquidity and mostly equal highs. Price should very quickly move from $4.70 to $5.80
It is an air pocket, and all air pockets are getting closed.”
At time of writing, FIL is trading at $4.80, above the trader’s marked resistance area of $4.70.
Next up is RUNE, which Cantering Clark says is likely following the bullish footsteps of Filecoin.
“Everything looks the same. RUNE is the same setup as FIL.
The difference is that it actually is 1/7 of the market cap.
It is all one trade. Sellers are stepping out of the way.”
At time of writing, RUNE is changing hands for $1.76, also above the trader’s resistance level.
The last coin the analyst’s radar is LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare. Cantering Clark says the altcoin looks ready for a strong breakout.
“It looks like LOOKS is about to absolutely rip.
This is just a game of shuffle right now.”
At time of writing, LOOKS is switching hands for $0.21, well above the trader’s resistance at $0.187.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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/salamahin/mim.girl