A widely followed crypto analyst expresses bullish sentiment on Bitcoin Cash (BCH) after a sudden upward movement.
Pseudonymous crypto trader Altcoin Sherpa tells According to its 196,800 followers on social media platform X, BCH could rise 25% from its current value.
“BCH: I have no idea why this is going so well, but keep it up. The graph is clean at this point. I think it’s still going higher. Buying a dip around $220 would be nice.
The trader is using the Fibonacci retracement levels to suggest that BCH could fall to $220 before a rally to $300.
Bitcoin Cash, a Bitcoin (BTC) hard fork that emerged from the major cryptocurrency in 2017, is trading at $240 at the time of writing.
Then the trader say that crypto casino platform Rollbit (RLB) and Telegram bot app Unibot (UNIBOT) both look bullish.
“On-chain coins have been doing very well lately. RLB and UNIBOT both still look good, but there are plenty of other really strong midcaps…
You can decide how far up the risk curve you want to go, but for now it looks good.”
Looking at his chart, the trader seems to show that RLB is looking strong after turning its resistance at $0.158 into support.
Rollbit is trading at $0.16 at the time of writing.
As for UNIBOT, the trader’s chart seems to indicate that the altcoin is looking bullish after clearing its diagonal resistance.
UNIBOT is worth $62.51 at the time of writing.
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