Crypto Messiah Lists Five Altcoins That Have Massive Potential
Crypto Messiah, a popular cryptocurrency analyst and trader is watching the movements of five emerging altcoins that according to him have huge upside potential.
Crypto Messiah, shares with his 135K followers that he’s following closely on the decentralized finance (DeFi) sector as five altcoins in the segment appear ripe to start uptrends.
Synthetix (SNX)
The trader starts his list with SNX, a cryptocurrency that powers the trading of synthetic assets (synths) on the Synthetix platform. According to Crypto Messiah, his initial plan is to follow the trendline of the long-term log channels.
“DEFI. A few long-term log channels… Upside is huge. Invalidation right below.”
RUNE appears to have bottomed out after bouncing off the lower boundary of the channel, thus climbing to the upper boundary of the channel around $26 is in the cards, according to the trader’s chart.
Bancor (BNT)
The third coin on the list is Bancor (BNT) – a network that allows traders to swap different tokens seamlessly without the need for a middleman.
Looking at the above charts, BNT appears to be on the way to the upper boundary of the channel around $40.
Aave (AAVE)
Fourth altcoin on the analyst’s radar is decentralized lending and borrowing protocol Aave, which according to him, is showing a different pattern from the other three coins, but his thesis remains the same.
“Bit different structure on AAVE… but $2,000+ possibility.”
Aave is currently priced at $388, and a move to Crypto Messiah’s target would be surge of over 440%.
Curve Finance (CRV)
The fifth and last coin is CRV, the governance token of stablecoin decentralized exchange Curve Finance. Crypto Messiah says CRV’s price action follows the support and resistance levels of the Fibonacci fan tool.
“CRV… Significantly different structure but hasn’t been around as long… But fan fit is fantastic. Once again, invalidation just below.”
Crypto Messiah also points out that the potential bullish runs of these five coins are highly dependent on BTC’s long-term performance.
“These longer-term log channels are significant…. have been respected over YEARS. If BTC were to fake us out and dump our s**t… it would absolutely break these down… could represent an extended bear market. I don’t think we are doing that… yet.”
