A prominent crypto trader says he’s expecting significant moves from one altcoin before weighing in on Bitcoin’s fate in the wake of a sudden BTC price pullback.
The pseudonymous Inmortal tells his Telegram subscribers that the chart looks good for ATOM, the native token of the interoperable blockchain network Cosmos.
I love this chart [right now].
Clean deviation after retest daily demand and relevant swing point.
Range low tested, range high at $48 is next.”
In a tweet presenting the chart above, Inmortal concludes by saying,
“ATOM is undervalued.”
At time of writing, ATOM is exchanging hands at $32.20, up over 20% on the week but still down from its September all-time high of $44.73.
Inmortal next looks at Bitcoin, which recently