Crypto Trader Identifies Promising Setups on Low-Cap Altcoins
A popular crypto trader, known as Altcoin Sherpa, has highlighted two low-cap altcoin projects that have formed prime setups. The trader is closely watching Venus (XVS), a decentralized finance (DeFi) lending platform, and Flux, a proof-of-work cryptocurrency. Altcoin Sherpa notes that both coins have consolidated near resistance levels and are trading close to the 200 4-hour exponential moving average (EMA). The trader expects these coins to make explosive moves through resistance.
Key Points:
- Altcoin Sherpa is monitoring Venus (XVS) and Flux as they have formed prime setups near resistance levels.
- The trader highlights that both coins are trading close to the 200 4-hour exponential moving average (EMA).
- Altcoin Sherpa is also keeping an eye on COTI, a DAG protocol optimized for decentralized payment networks and stablecoins.
Hot Take: Crypto Trader Spotlights Potential Breakout Opportunities
Crypto trader Altcoin Sherpa has identified two low-cap altcoin projects, Venus (XVS) and Flux, that show promising setups for potential breakouts. Both coins have consolidated near resistance levels and are trading close to the 200 4-hour exponential moving average (EMA). Altcoin Sherpa expects these coins to make explosive moves through resistance. Additionally, the trader is keeping an eye on COTI, a DAG protocol designed for decentralized payment networks and stablecoins. Altcoin Sherpa is already long on COTI and is looking to take profit at specific levels. This analysis highlights potential opportunities for traders looking to capitalize on the bullish momentum of low-cap altcoins.
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