A closely watched crypto strategist and trader, the popular joke currency Shiba Inunún (SHIB) he says he looks ready to hit an all-time high and predicts an epic rally for XRP.
Famous Analyst Expects an Increase in Shiba Inu
The analyst who shared his forecasts in a new strategy session Scott Melker, to 110,000 YouTube subscribers, Shiba Inuhe said that after receiving a cross-resistance, which has been on a downward trend for the past few weeks, it will rise.
“I bought this because it broke out on the chart and I think it could return to the peaks again… this thing has a ton of volume. We see that this four-hour candle is the largest of several days and it explodes. I love it. My goal is here ($0.00089).”
Popular joke currency as of the moment the content was written, according to CoinMarketCap data, it continues to see trading at $ 0.00005263, which has increased by 1.59% in the last 24 hours.
Ripple is Preparing for the Rally
Crypto strategist it’s also the open-source digital currency, which it says has eliminated its cross-resistance and retested it as support XRPit is also closely followed and popular altcoinhe noted that he expects to launch a new rally in the near term.
According to Melker’s graph, XRP it is set to rise to $ 1.96, which marks potential gains of over 64% from its current value of $1.19.
Popular altcoins Ripple (XRP), which continues to trade at $1.18, down 0.63% in the last 24 hours according to CoinMarketCap data as of the time the content was penned.
As for the crypto currency Bitcoin, which also occupies a leading position in terms of market capitalization, Melker provides an indicator of relative strength, which tracks the momentum of an asset (RSI) he says that the leading cryptocurrency is on a downward trend as it shows signs of weakness.
“It looks a bit toppy in here. We have the right downward trend. The downward trend on the daily [chart]. This often happens, especially when it comes out of overeating.”