According to a popular trader, three altcoins are flying under the radar and are primed to absolutely rip.
A top crypto trader believes three under-the-radar altcoins, including decentralised exchange ThorChain (RUNE), are poised for significant gains.
Starting with the decentralised storage network Filecoin (FIL), the crypto expert predicts the altcoin will face no resistance until it reaches $5.80.
“I believe FIL will perform the same stunt as COMP.”
grind up to a liquidity nook with mostly equal highs. The price should quickly rise from $4.70 to $5.80.
“It’s an air pocket, and all air pockets are closing.”
FIL is currently trading at $4.80, above the trader’s identified resistance level of $4.70.
Next up is RUNE, which, according to Cantering Clark, is likely to follow in the optimistic footsteps of Filecoin.
“Everything appears to be the same.” RUNE has the same configuration as FIL.
The distinction is that it represents one-seventh of the market cap.
It’s all the same trade. “Sellers are stepping out of the way.”
RUNE is currently trading for $1.76, which is also over the trader’s resistance level.
LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare, is the final coin on the analyst’s radar. Cantering Clark believes the cryptocurrency is poised for a strong breakout.
“It appears that Looks is about to rip.”
“Right now, it’s just a game of shuffle.”
At the time of writing, LOOKS is trading for $0.21, far over the trader’s barrier price of $0.187.
