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Prominent Analyst Outlines Key Bullish Levels for Bitcoin, Chainlink and One Low-Cap Altcoin


dailyhodl.com 01 August 2021 20:26, UTC
Reading time: ~2 m

Popular crypto analyst Josh Rager is outlining the key bullish levels for Bitcoin, Chainlink and one low-cap altcoin.

The crypto veteran tells his 179,600 Twitter followers that Chainlink might be flashing signals of a potential rally that breaks the $26.50 level.

 

“If price gets a pullback soon, would like to buy a potential retest of sub $21 before a move to $26.50+”

Source: Rager/Twitter

Rager also names yield farming protocol Harvest Finance (FARM) as another bullish altcoin that could see big gains in the near future. According to the analyst, FARM’s total value locked (TVL), which is the amount of the coin’s supply that is locked up in staking, could act as a bullish catalyst that takes the nascent crypto to new heights.

“FARM has had a decent uptrend since being listed on Coinbase.

Harvest may get the attention it deserves now after having a relatively high TVL.

Lots of volatility though. Still better to buy on a dex [decentralized exchange] over Coinbase at this time with liquidity.”

Source: Rager/Twitter

As for Bitcoin, Rager says the support at $40,600 is crucial for a potential bull run to new highs. The analyst says that the more a resistance level is tested, the more likely it is to break.

“You can only test a level so many times before breaking it.”

Source: Rager/Twitter

At time of writing, Bitcoin is trading at $42,914 according to CoinGecko, up 1.50% in the last 24 hours.




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