Widely followed crypto analyst Justin Bennett says Bitcoin (BTC) may be poised to rise again, noting “confluence areas” for three popular altcoins and analyzing the crypto markets as a whole. Cryptocoin. com we are conveying the details…
Justin Bennett presented his predictions for 3 altcoins
First of all, talking about the altcoin, which is in the leading position with its market cap, the trader said that he is ready to test the $ 4,000 support band of Ethereum (ETH) before potentially finding support at $ 3,800, and used the following statements:
ETH is trying to hold on to the $4,200 area that I’ve mentioned several times recently. A bounce from this zone would take Ethereum back to $4,400. Alternatively, a move below $4,200 could reveal a confluence of the $3,800 and $4,000 support. I still think the $4,000 retest scenario is very real. Of course, that doesn’t mean it will happen, but I’m ready just in case. There is a major support confluence between $3.800 – $4,000. This is an area that I think should be kept.
Bennett predicts that Chainlink (LINK) could potentially see lower prices than before as it moves to smaller cap altcoins. “Currently LINK is getting some support at $28 as expected. A close below this would lead to $24 and potentially $21,” he says. The analyst also shares VeChain comments. According to the analyst, after the altcoin hit $0.175 just three days ago, he warned investors that “everyone should prepare for a retest of the $0.12 area just in case.” Still, he says he’s still more optimistic than ever on VET.
