A widely followed crypto trader says two prime setups have formed on two low-cap altcoin projects.
Pseudonymous analyst and trader Altcoin Sherpa tells his 196,000 followers on the social media platform X that he’s watching decentralized finance (DeFi) lending platform Venus (XVS), and proof-of-work cryptocurrency Flux.
Altcoin Sherpa says both coins have consolidated in prime areas right on resistance near the 200 4-hour exponential moving average (EMA), before blowing past their key levels.
“Look at these two trade setups with XVS and FLUX
-consolidation right near resistance
-right near the 200 EMA on the 4h
-Rounded bottom
EXPLOSIVE move through resistance.”
Source: Altcoin Sherpa/X
Source: Altcoin Sherpa/X
XVS is trading at $4.39 at time of writing, with a $67.9 million market cap, while FLUX is priced at $0.39 with a $100 million market cap.
Altcoin Sherpa is also looking at COTI, a DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks
We współpracy z: https://dailyhodl.com/2023/09/09/crypto-trader-details-setups-on-two-low-cap-altcoins-amid-explosive-moves-through-resistance/
