A popular crypto strategist says a breakout rally for leading smart contract platform Ethereum (ETH) is on the horizon.
A cryptocurrency analyst known in the industry as Kaleo says to his 531,000 Twitter followers that Ethereum has breached the diagonal resistance against Bitcoin (ETH/BTC) and is poised for a new rally said it seems.
“ETH/BTC finally looks poised to rise…which is bullish.”
At the time of writing, the ETH/BTC pair is trading at 0.073 BTC ($1,675).
Kaleo is also bullish on BNB, the utility token of crypto exchange giant Binance. BNB looks strong as it hits all-time high against Bitcoin, according to crypto strategists.
“BNB/BTC is a real tank. The price is even higher today.”
Looking at Bitcoin itself, Kaleo expects BTC to temporarily pull back to around $22,000 before the cryptocurrency king recovers to his $28,000 target.
“It will happen, but you won’t believe it.”
The last crypto asset on Trader’s Radar is the peer-to-peer payment protocol Litecoin (LTC). According to Kaleo, LTC looks bullish after Bitcoin (LTC/BTC) breaks through major resistance.
“One of the scariest things he has in the market right now is how bullish Litecoin looks. The multi-year LTC/BTC breakout on the high timeframe has crossed the low timeframe.