Altcoin Sherpa Looks Into FTM, LUNA, NEAR, MATIC And BTC
According to widely followed crypto market analyst known as Altcoin Sherpa, Fantom (FTM), Terra (LUNA), Near Protocol (NEAR) and Polygon (MATIC) look strong, while he expects Bitcoin (BTC) to make a leg up.
Fantom (FTM), Terra (LUNA), Near Protocol (NEAR)
Looking into smart contract platform Fantom (FTM), algorithmic stablecoin blockchain Terra (LUNA), and decentralized application (DApp) platform Near Protocol (NEAR), Altcoin Sherpa says that all three are looking to be forming bullish market structures – all of them are staying above the 200-day exponential moving average (EMA).
“FTM, LUNA, NEAR: Here are 3 coins that have maintained price above the 200D EMA and these are some of the coins that still look ok. I still think that it’s going to take a bit longer for a macro bottom to form but let’s see what happens.”
$FTM$LUNA$NEAR: Here are 3 coins that have maintained price above the 200D EMA and these are some of the coins that still look ok. I still think that it's going to take a bit longer for a macro bottom to form but let's see what happens. pic.twitter.com/YjhYnmgsSQ
Looking into Polygon (MATIC), the analyst says that it is also staying above 200 day exponential moving average, and looking strong going forward.
“MATIC: Looks pretty good overall, still holding above the 200D EMA and the 4h EMAs all looking fairly healthy. I think we see more consolidation around here.”
$MATIC: Looks pretty good overall, still holding above the 200D EMA and the 4h EMAs all looking fairly healthy. I think we see more consolidation around here. #MATICpic.twitter.com/B2s08sCQlM
When it comes to Bitcoin, Altcoin Sherpa says that the leading digital asset looks very good, and projects that it could rise up to higher levels in the coming weeks.
“BTC: I think we’re still ok in the short term. 4h EMAs look healthy and I think this squeezes a bit higher. Waiting to see if this is a confirmed higher low on the 1D.”
$BTC: I think we're still ok in the short term. 4h EMAs look healthy and I think this squeezes a bit higher. Waiting to see if this is a confirmed higher low on the 1D. #Bitcoinpic.twitter.com/yZAXU8K56s
