As for Binance Coin (BNB), Kaleo sees the red-hot exchange token going on an explosive rally to the $1,000 level after it takes out resistance of $680.
“When $680 breaks and BNB enters price discovery, I expect price appreciation to accelerate rapidly.”
Kaleo has also got his eye on an altcoin that still hasn’t come anywhere close to its all-time highs (ATH) from the previous bull cycle.
The trader compares the price action of EOS to that of Ethereum Classic (ETC) and says that the two have a striking similarity. From his point of view, EOS looks exactly like Ethereum Classic just before ETC rocketed skyward.
“EOS vs. ETC USD comparison
After ETC started to breakout, it accumulated beneath its previous ATH prior to shooting straight past it. The structure of the EOS chart looks extremely similar. I don’t expect it to stop in the low $20s when it moves out of its current range.”
Following EOS’ retest of support after the initial breakout, Kaleo says he stacked more as he sees more upside potential.
“Added some EOS here. I see it as only a matter of time before it reclaims the highs set several weeks ago. Once $9.00 is breached, it should have a relatively clear path back to the old ATH of $23.00.”
