Kaleo Bullish On Two Altcoins: FLOW and LUNA, And Bitcoin
A popular crypto trader and analyst, known as Kaleo, is optimistic about the future prices of two altcoins FLOW and LUNA, as Bitcoin (BTC) and the crypto market regained momentum.
The widely-followed pseudonymous trader, known in the industry as Kaleo, reveals in a series of tweets that he is building positions in Dapper Labs’ non-fungible token (NFT) project, Flow.
According to the analyst Flow is on the edge of sharply outperforming Bitcoin, as NFT and gaming tokens such as Axie Infinity (AXS) are gaining major attention in the market.
“I punted a long on FLOW. I’ve missed out on the majority of the NFT pumps led by AXS and decided I finally needed some exposure.
The BTC chart is breaking out above higher time frame resistance dating back to the spring rally, where it was one of the leaders in the NFT race.”
I’ve missed out on the majority of the NFT pumps led by AXS, and decided I finally needed some exposure.
The BTC chart is breaking out above HTF resistance dating back to the spring rally, where it was one of the leaders in the NFT race. pic.twitter.com/cVtTKf0w5O
The trader was initially hesitant to add to his position as FLOW/USD battled with resistance on the lower timeframe at $20.96. Now he’s adding to his FLOW position, as the asset dropped toward $19.95, allowing for a better entry.
As Bitcoin was trading at around $38,000, Kaleo reminds his 338,000 followers that in February, when Bitcoin traded at around $30,000, the top cryptocurrency took just one week to sail above $47,000.
In February, from where the price of #Bitcoin is now, it only took one week for it to hit $47K.
