dailyhodl.com
A top crypto trader says he thinks three under-the-radar altcoins including decentralized exchange ThorChain ($RUNE) are gearing up for strong surges.
Starting with decentralized storage network Filecoin ($FIL), the crypto analyst believes that there’s no resistance for the altcoin until it hits $5.80.
“I think $FIL is going to pull the same move COMP did.
Grind up to a pocket of liquidity and mostly equal highs. Price should very quickly move from $4.70 to $5.80
It is an air pocket, and all air pockets are getting closed.”
At time of writing, $FIL is trading at $4.80, above the trader’s marked resistance area of $4.70.
Next up is $RUNE, which Cantering Clark says is likely following the bullish footsteps of Filecoin.
“Everything looks the same. $RUNE is the same setup as $FIL.
The difference is that it actually is 1/7 of the market cap.
It is all one trade. Sellers are stepping out of the way.”
At time of writing, $RUNE is changing hands for $1.76, also above the trader’s resistance level.
The last coin the analyst’s radar is LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare. Cantering Clark says the altcoin looks ready for a strong breakout.
“It looks like LOOKS is about to absolutely rip.
This is just a game of shuffle right now.”
At time of writing, LOOKS is switching hands for $0.21, well above the trader’s resistance at $0.187.