Analyst with the pseudonym Altcoin Sherpa Tells Of his 184,900 Twitter followers, the Fantom blockchain that supports smart contracts is collapsing.
“This looks horrible… I don’t see any sign of bottoming right now.”
“I’m mostly out of my position around $2.02, I didn’t sell the top. I wouldn’t be surprised if the green box came in, and it looks like it’s selling going on now. It was a good trade with most of the entries in the $1.80 area.”
Another coin on his radar is the Near-Protocol Decentralized Application Platform (DApp) (NEAR). he is Says The current price resistance is weak and may go down.
“Haven’t checked this in a while, this current area looks very questionable. The price should continue here or it will go to $2 mid/low in my opinion.. “
His focus shifted to Bitcoin, Altcoin Sherpa Expect Bitcoin will fall after trading around $19,000 since June, saying there are three price lows that he believes Bitcoin may retest based on past patterns.
“Here are some higher time frame levels in both directions. I think you should focus on the areas of $16,000, $14,000 and $12,000. I don’t know if this will reach those lower levels but I think you should be prepared if they do.” .
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