Analyst Provides Updated Outlook on Chainlink, Avalanche, Fantom, and a Surging Altcoin
A crypto trader known as Altcoin Sherpa is sharing his latest insights on several digital assets, including Chainlink (LINK), Avalanche (AVAX), Fantom (FTM), and Rollbit’s native token RLB.
Regarding Chainlink, Altcoin Sherpa believes that the coin is still one of the best in terms of overall crypto infrastructure but advises holding it for the long term rather than actively trading it. He suggests buying LINK and letting it sit for at least six months before selling it at a higher price.
Altcoin Sherpa also analyzes AVAX and FTM using technical charts. He points out that AVAX is retesting a potential bottom and that FTM could bounce back after touching a key support level.
Finally, Altcoin Sherpa comments on RLB, which has experienced a significant increase in value. However, he remains cautious about the token’s chart pattern and advises against buying it for now.
Hot Take:
Altcoin Sherpa provides valuable insights on Chainlink, Avalanche, Fantom, and Rollbit’s native token RLB. While he recommends holding Chainlink for the long term, he offers technical analysis for AVAX and FTM. As for RLB, he advises caution due to its questionable chart pattern.
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