A leading analyst is warning that crypto assets may face more downside during the current market correction.
Pseudonymous analyst and trader Bluntz ប្រាប់ his 222,800 Twitter followers that altcoins are trending downwards on the large time frames and could fall far more than what is currently being anticipated.
Citing the example of Polygon (MATIC), Bluntz says that the Ethereum (ETH) layer-2 scaling solution has just slipped below an ascending channel and is heading lower.
“So many altcoins losing really high time frame structure now. MATIC, for instance, is breaking down from a 12-month bear flag and just had a solid close below a year long channel.
Personally, I’m starting to think things are going quite a bit lower than many are anticipating.”
According to the analyst and trader, MATIC could ការធ្លាក់ចុះ by up to 54% from current levels.
“[A drop to] $0.40 – $0.50 more reasonable I think.”
ពហុកោណកំពុងជួញដូរនៅ $ 0.869 នៅពេលសរសេរ។
Turning to Ethereum, Bluntz បាននិយាយថា that the second-largest crypto asset will plunge soon after closing below a weeks-long ascending channel.
From his chart, it appears Bluntz is targeting Ethereum to fall to below $1,700. ETH is trading at $1,842 at time of writing.
“Underside bear flag retest of ETH looks done, I’m thinking the bottom falls out of this quite soon.”
Next up is Binance Coin (BNB), the utility token of the Binance Smart Chain. Bluntz បាននិយាយថា that BNB has come under severe pressure when paired against Bitcoin, falling by over 35% since late last year.
“Of all the majors BNB has got to have one of the most savage downtrends on its BTC pair, literally down only, not even remotely sideways like ETH/BTC has been.”
កុំខកខានការវាយដំ - ជាវដើម្បីទទួលបានការដាស់តឿនអ៊ីមែលតាមអ៊ីម៉ែលដែលផ្ញើដោយផ្ទាល់ទៅប្រអប់ទទួលរបស់អ្នក
ពិនិត្យមើលសកម្មភាពតម្លៃ
តាមយើងនៅលើ Twitter, Facebook និង Telegram
Surf The Daily ហូដលលាយ
ការបដិសេធ: មតិដែលបានសម្តែងនៅឌឹដហូមដស៍មិនមែនជាដំបូន្មានវិនិយោគទេ។ វិនិយោគិនគួរតែប្រឹងប្រែងដោយយកចិត្តទុកដាក់មុនពេលធ្វើការវិនិយោគដែលមានហានិភ័យខ្ពស់នៅក្នុង Bitcoin, cryptocurrency ឬទ្រព្យសម្បត្តិឌីជីថល។ សូមណែនាំថាការផ្ទេរនិងការធ្វើពាណិជ្ជកម្មរបស់អ្នកគឺជាហានិភ័យផ្ទាល់របស់អ្នកហើយការបាត់បង់ណាមួយដែលអ្នកអាចទទួលរងគឺជាទំនួលខុសត្រូវរបស់អ្នក។ Daily Hodl មិនបានផ្តល់អនុសាសន៍ឱ្យទិញឬលក់រូបិយប័ណ្ណគ្រីបថលឬទ្រព្យសម្បត្តិឌីជីថលទេហើយក៏មិនមែនជាអ្នកផ្តល់ប្រឹក្សាផ្នែកវិនិយោគផងដែរ។ សូមកត់សម្គាល់ថាឌឹដេវហូដចូលរួមក្នុងទីផ្សារសម្ព័ន្ធ។
រូបភាពដែលបានបង្កើត៖ ពាក់កណ្តាលដំណើរ
Source: https://dailyhodl.com/2023/05/11/top-analyst-updates-outlook-on-polygon-ethereum-and-binance-coin-says-altcoins-to-plunge-lower-than-expected/