A popular crypto trader and market analyst is predicting new highs ahead for Ethereum (ETH) and Cosmos (ATOM) and says that Bitcoin (BTC) is winding up for a massive move of its own.

 

The pseudonymous trader known as InmortalTA, who has a following of more than 65,000 on Twitter and over 4,000 on Telegram, says ETH appears ready to break out of a consolidation zone.

He expects Ethereum to crack the $5,000 level in a new move to the upside.

“5k is programmed, it’s as simple as that. It’s long ETH season, don’t get left behind.”

Source: InMortalTechnique/TradingView

He also highlights the decentralized interoperability platform Cosmos.

Looking at the charts, InmortalTA predicts a new all-time high this year for its native token ATOM.

“Still expecting a new ATH this year. The plan remains the same, accumulate. So I set more bids below $20. Just in case.”

TradingView Chart

Source: InMortalTechnique/TradingView

Lastly, the trader provides an updated analysis of Bitcoin’s price action. As the top crypto asset chops below the $50,000 line, he’s waiting for a clean break to the upside or downside in the short term to plan his next trade.

“I think BTC is warming up for a big move, but I would like to wait for a BMS (Break in Market Structure) to enter on a trade. I’m interested in long two numbers, 41k or 50k

41k If price lose 46k, I think we could see a retrace to 41k (Monthy Open), optimal spot to form a HL.

50k in the other hand, if price hold above 47k, I would like to long a BMS on the daily.

Here the two possibles setups”

TradingView ChartTradingView Chart

Source: InMortalTechnique/TradingView

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Featured Image: Shutterstock/sergeymansurov

(Excerpt) Read more Here | 2021-09-02 09:56:15
Image credit: source

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