Crypto Trader Details Setups on Two Low-Cap Altcoins Amid ‘Explosive’ Moves Through Resistance – Crypto News – Crypto News
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Crypto Trader Details Setups on Two Low-Cap Altcoins Amid ‘Explosive’ Moves Through Resistance Crypto Trader Details Setups on Two Low-Cap Altcoins Amid ‘Explosive’ Moves Through Resistance

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Crypto Trader Details Setups on Two Low-Cap Altcoins Amid ‘Explosive’ Moves Through Resistance – Crypto News

Published

2 years ago

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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
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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 and stablecoins.

The trader says that he’s already long on COTI, and is looking to get out at $0.0469 and $0.0507 levels

“COTI: Trade I’m in from lower…

Will take profit all the way up”

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Source: Altcoin Sherpa/X

At time of writing, COTI is trading for $0.0426, sideways in the last 24 hours.

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Featured Image: Shutterstock/Kartavaya Olya/Sensvector

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