Analyst Jason Pizzino Lists Top Three Altcoins To Watch In August
Jason Pizzino, a prominent altcoin trader and analyst shares insights on three crypto assets that could be ready to take off in August.
Pirate Chain (ARRR)
Pizzino starts his list with privacy crypto project Pirate Chain (ARRR), which he calls the top coin for the month.
The trader notes that ARRR looks good against Bitcoin (ARRR/BTC) and USD, making higher highs and higher lows in both pairs.
“This is my favorite out of the three… ARRR was huge… This looks good… We haven’t broken out… A breakout above $4 would be the confirmation or the safe entry… A nice slow, steady pace would be fantastic…
ARRR/BTC also looks good… We want to see it in a steady rising uptrend: higher highs, higher lows… Pirate Chain/BTC, volume, good, hitting some volume at the lows… Pirate Chain looks good, and I like the project.”
FTX Token (FTT)
The second altcoin on the analyst mentions is FTT, the native token of Sam Bankman-Fried’s crypto derivative exchange FTX. FTT is breaking out of a downtrend, making higher highs in both its USD and BTC pairs, says Pizzino.
According to Pizzino, FTT will have to make another higher high to confirm the uptrend and the breakout.
Badger Dao (BADGER)
The third project on Pizzino’s list is Badger DAO (BADGER), which aims to bring Bitcoin to other blockchains. He says that BADGER is taking a break from its downtrend as it begins to light up and climb the chart.
According to the altcoin expert, when a project is down significantly from its all-time high, it’s best to wait to take a position until the asset confirms it is breaking the downtrend and moving back up in price.
