A top crypto trader says he thinks three under-the-radar altcoins, including decentralized exchange ThorChain (RUNE) prepare for strong surges.
Starting with the Filecoin decentralized storage network (THREAD), the crypto analyst believes that there is no resistance for the altcoin until it hits $5.80.
“I think FIL is going to make the same move COMP did.
Grind down to a pocket of liquidity and mostly even highs. The price should very quickly move from $4.70 to $5.80
It’s an air pocket, and all air pockets close.
At the time of writing, FIL is trading at $4.80, above the trader’s marked resistance zone of $4.70.
Next up is RUNE, which Cantering Clark says is likely following in the bullish footsteps of Filecoin.
“Everything looks the same. RUNE is the same configuration as FIL.
The difference is that it is actually 1/7 of the market capitalization.
It’s quite a profession. Sellers withdraw.
At the time of writing, RUNE is changing hands for $1.76, also above the trader’s resistance level.
The last coin on the analyst’s radar is LOOKS, the Ethereum-based non-fungible token (NFT) market utility token LooksRare. Cantering Clark says the altcoin looks set for a strong breakout.
“It looks like LOOKS is about to completely rip.
It’s just a shuffling game right now.
At the time of writing, LOOKS is changing hands for $0.21, well above trader resistance at $0.187.
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