Fantom (FTM) and Mid-Cap Ethereum Competitor Appear Ready To Break Out, According to Veteran Crypto Trader
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The seasoned crypto trader known as Cantering Clark says that Fantom (FTM) and one additional Ethereum competitor look ready for rallies as digital asset markets show further signs of life.
In a tweet to his 114,000 followers, the pseudonymous analyst says that Fantom in its Bitcoin pair (FTM/BTC) is making its way through a resistance level around 0.000045 ($2.00), and appears primed for another leg up.
“FTM is moving against BTC and poking through resistance. Rotators delight back in play?
Looking like it is going to send.”
Fantom itself is currently priced at $2.03, up 10% on the day.
According to the veteran trader, there may be another altcoin mirroring FTM’s price action.
Cantering Clark says that Harmony (ONE), a Layer-2 protocol for building cost-efficient decentralized applications (DApps), could be following FTM’s latest bounce.
The trader compares the two USDT charts.
“The ONE chart looks like FTM just before that 10% pop.
Send this too.”
Cantering Clark says that ONE, the token that powers the Harmony network, is ticking all the boxes for what you want to see in a bullish altcoin.
“The ONE trend is in harmony right now with what you would expect pre-breakout.
Consolidation under resistance
Correlated pairs leading
Holding [volume weighted average price]
Balanced and favoring the high tests.”
ONE is currently priced at $0.16, up 6% on the day and 21% in the last week.
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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/Danilo Sanino
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