Crypto trader and analyst Scott Melker is closely watching an overlooked altcoin that he believes may skyrocket after a massive breakout.
In a new strategy session, Melker tells his 44,000 YouTube subscribers that he is looking at Ethereum competitor EOS, which may have just started its uptrend against Bitcoin (EOS / BTC) after a three-year bear winter.
“I bought EOS. I can’t believe I said that, but I bought EOS because I’m looking at it. The biggest volume candle of all time in the week breaking resistance since its all-time high. One, two, three touches [on the diagonal resistance] and then an absolute Chad pulls through. “
According to Melker, EOS / BTC can rise up to 0.0018, representing a potential gain of 650% from the current value of 0.00024.
In addition to EOS, the crypto analyst is bullish on two “dinosaur coins” or altcoins that led the indictment during the 2017 bull market but have not taken action since then.
“XRP resistance broken, cracked open. There is a couple who haven’t done it yet. Bitcoin Cash (BCH / BTC) is a large-cap that just made it. TRX (TRON / BTC) is a large cap that just made it. These didn’t come back to test again [resistance] still.”
Melker predicts that BCH / BTC and TRON / BTC are likely to follow in the footsteps of XRP (XRP / BTC), Ethereum (ETH / BTC and Litecoin (LTC / BTC), all of which have made massive gains over Bitcoin in recent years Weeks.
“We can trade the SafeMoons, the Shiba Inus (SHIB), the TikTok coins and whatever the hell. Listen, I love a few **** coins myself, but for weeks now the easiest trade has obviously been in these dinosaur large caps and I’m going to do that until I can’t anymore. “
I
Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check out the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / Jamesteohart
Comments are closed.