dailyhodl.com
Top altcoin trader and analyst Jason Pizzino is discussing three crypto assets that could be ready to take off in August.
First on the trader’s list is privacy crypto project Pirate Chain (ARRR), which is Pizzino’s top coin for the month.
Pizzino notes that ARRR looks good against Bitcoin (ARRR/BTC) and USD, making higher highs and higher lows in both pairs.
“This is my favorite out of the three… ARRR was huge… This looks good… We haven’t broken out… A breakout above $4 would be the confirmation or the safe entry… A nice slow, steady pace would be fantastic…
ARRR/BTC also looks good… We want to see it in a steady rising uptrend: higher highs, higher lows… Pirate Chain/BTC, volume, good, hitting some volume at the lows… Pirate Chain looks good, and I like the project.”
The second asset on Pizzino’s radar is FTT, the native token of the FTX exchange. FTT is breaking out of a downtrend, making higher highs in both its USD and BTC pairs, says Pizzino.
The analyst says, however, that FTT will have to make another higher high to confirm the uptrend and the breakout.
Pizzino also discusses Badger DAO (BADGER), a project that aims to bring Bitcoin to other blockchains. He says that BADGER is taking a break from its downtrend as it begins to light up and climb the chart.
Pizzino says that when a project is down significantly from its all-time high, it’s best to wait to take a position until the asset confirms it is breaking the downtrend and moving back up in price.