The dealer recognized for precisely predicting this 12 months’s crypto market collapse is setting downward worth targets for a slew of various altcoins in anticipation of one other capitulatory occasion.
The pseudonymous dealer often called Capo tells his 673,000 Twitter followers that at the moment, each bump in crypto costs must be handled as a possibility to promote.
Capo says he has his eye on open supply blockchain community Tron (TRX). In keeping with the dealer, TRX is establishing for greater than a 50% drop after breaking down from a descending triangle sample.
Primarily based on his chart, Capo is focusing on concerning the $0.02 stage.
“Constructing a brief place on TRX
Not monetary recommendation.”
At time of writing, TRX is buying and selling for $0.05.
Capo is focusing on an much more dramatic dip for blockchain scaling resolution Polygon (MATIC). In keeping with the favored analyst, MATIC is headed to the $0.30 mark, greater than 64% away from present costs.
MATIC is altering arms for $0.85, up 8.5% within the final 24 hours.
Capo additionally has worth targets for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC) Polkadot (DOT) and believes that FTT, the native token of defunct crypto alternate FTX is basically going to zero.
“Potential targets for an area backside after capitulation occasion (replace):
BTC 12k-14kETH 600-650ADA 0.16-0.20LTC 29-32DOT 2.8-3.1FTT 0.000001.”
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