A closely followed crypto strategist and trader says he sees fresh rallies for Ethereum (ETH), Polkadot (DOT) and two other altcoins despite the continued correction in the digital asset market.
Pseudonymous trader Pentoshi tells his 268,200 Twitter followers that he expects Ethereum to rally in the coming weeks as the leading smart contract platform continues to trade above support at $3,200.
“It’s almost like late sellers are going to be punished and that this is one day, three day, and one week support in a bull market. Nothing bearish about this chart here. Buyers are likely rewarded within 1-2 weeks.”
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 greater heights.
“Officially Looking for entries now. I should’ve just aped. In my opinion, this is going to absolutely send.
FA (fundamental analysis) wise has parachains which should drive