Famous Trader Announced 5 Altcoins That Will Rally!
DataDash founder and renowned trader Nicholas Merten said the 5 altcoins will perform a super rally.
The famous trader has announced 5 altcoins that will rally. Nicholas Merten, the founder of DataDash, stated that the altcoin super cycle of 2021 has begun and shared 5 altcoins that he believes will explode.
“I’m Monitoring Ethereum Closely”
Nicholas Merten stated that he is watching Ethereum closely and said the following on the subject:
“Here we can see Ethereum crossing the line of resistance. We have entered another high low with three other high lows we have here since January 2021. It is as if we are on a course to surpass all-time highs. ”
Merten also watches ETH / BTC, pointing out that this is still in the middle of a parabolic run. According to Nicholas Merten’s chart, ETH / BTC could potentially rise by over 170 percent from its current value of 0.035 to 0.095.
“Popular Altcoin Looks Like the Limits of the Sky to OMG Network”
Another cryptocurrency on Nicholas Merten’s radar was the second layer scaling solution OMG Network (OMG), formerly OmiseGo. The analyst continued, noting that OMG / BTC is likely to hit the lowest and is ready to take a significant resistance level and make big gains:
“After specifying a higher low, (OMG / BTC) expects to move above 1,500 Satoshi (0.000015) range. Once we broke that place, which was once again the previous support, and now it’s acting like resistance. If we break it, really, the sky looks like the limit. Especially in the past, we’ve seen it perform well. ”
“LINK Starts Next Cycle of Ascension”
Next coin in the list announced by the famous trader is the decentralized oracle platform Chainlink (LINK). According to Merten, when the altcoin hits a key level, it is preparing to outperform Bitcoin. The famous trader said the following about the rally he thinks LINK will do:
“Taking a look at the Chainlink, determining a consistent range lows or support above the previous resistance is starting to kick upwards and jump above that resistance line (0.0006) really starts the next loop for Chainlink”
“Now is the Time to Ascend”
The fourth cryptocurrency announced by Nicholas Merten was the lending and borrowing protocol Aave. The famous analyst made the following comment on the subject:
“Here we had a 60 percent clean, albeit withdrawal, where Aave, one of the large-volume DeFi (decentralized finance) protocols, probably had some room to start rising.”
Latest Altcoin is TRON
The last of the altcoins Merten ranked was TRON (TRX / BTC). The famous trader explained a key level that the pair must break in order to create a major bullish momentum, saying:
“We gave support and this previous support was 0.0000015, that is currently acting as resistance. If we go above that, I can see a lot of momentum coming back to this.”