Top crypto trader predicts record highs for 3 top altcoins
Popular analyst Josh Moden from CryptoBusy shares with his subscribers 3 altcoins under his radar that are signaling bullish gains and deemed to shatter record highs.
Cardano (ADA)
First on the list is Cardano (ADA), some of the most volatile and indecisive of all high market cap cryptocurrencies. According to the trader, ADA is facing a key retest with a high possibility to result in a bullish trend that will push the price higher. At the time of the video, ADA was trading at $2.241
“We’ve pushed up already and we hit a high of 2.38 recently. We’ve actually now broken past this wedge pattern or we also call this downtrend, and we’ve come for a re-test at $2.3. Now this retest here is the key because if we retest pretty perfectly on there, we could easily expect a push up higher,”
The trader also notes that ADA may push down lower to $2 before shooting up higher. His first target stands at $2.67.
Chainlink (LINK)
Next on the list is Chainlink (LINK). At the time of the video, LINK was trading at $37.
Analyst Moden says that he expects LINK to bounce back from the current level to level of demand at around $33 before making a nice jump to $40.
“After hitting new five-month highs, Chainlink gave up most of the double-digit percentage gains. The drop was a perfect combination of technicals leading fundamentals. It is potential that the price comes lower to mitigate this level of demand over at about $33 to 34. Then from these level, we will see a nice jump up in price up to that $40 region.”
Cosmos (ATOM)
Last on the list is Cosmos (ATOM). The trader highlights that Cosmos price chart is favorable, as a higher low has been established following another test of prior lows. At the time of the recording, ATOM was trading at $36.21.
The analyst says that one of the reasons for his bullish optimism at ATOM is that the price has been consolidating for so long at the key buy zone at $34. Besides, the market has been following a descending channel since the beginning of October, which is now hitting support at $36, meaning that $36 will remain strong enough to prevent further downside in Cosmos price movement. Moden aims at $44 as his first target, followed by $47 level.