One of the few crypto analysts who bought Bitcoin (BTC) at the bottom in November says an altcoin that’s been steadily rising appears ready for a big breakout.
The pseudonymous trader, who goes by the name DonAlt, says the Ethereum rival and interoperability protocol Cosmos (ATOM) now has one of the best charts around.
Assuming Bitcoin remains on course without a major breakdown, DonAlt says ATOM appears to have major strength after withstanding a brutal bear market.
“ATOM is one of my favorite coins as well and it’s been doing wonderfully. It just looks really really good. I’ve been shilling it for a while…
I love the ATOM chart. Reason being is everything else nuked and ATOM just held in a range during a massive altcoin bear market.
And this range high has been tested more than – I don’t want to say any mom jokes. But whatever. It’s been tested too many times. If you go back [to range high] it just looks too good. That’s against Bitcoin, while everything else has been nuking massively.”
DonAlt says ATOM looks like it wants to break resistance and rally from its current price of about $15 to $22 – a 46% increase.
“[ATOM] sat out the bull market and then it sat out an entire bear market, and it just makes me want to be in it. The USD pair looks great as well. We’ve tested resistance twice. It just looks like it wants to break it and go $22. So yeah I love it. I like the chart, I like the coin.”
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Featured Image: Shutterstock/tsuneomp/Sensvector
