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Crypto analyst says one Ethereum-based altcoin set to explode by 165%, sees the way forward for Binance Coin (BNB) and ETH

A popular crypto analyst predicts a massive surge for a little-known altcoin and updates his outlook on Binance Coin (BNB) and Ethereum (ETH).
The pseudonymous trader, known as Crypto Capo, tells his 536,000 Twitter followers that he expects ETH-based Reserve Rights (RSR), which will ensure the stability of stablecoin Reserve Token (RSV) will trigger a 165% rally.

“I bought some RSR after deviating below the blue value. Mainnet almost done.”
Crypto analyst says one Ethereum-based altcoin set to explode by 165%, sees the way forward for Binance Coin (BNB) and ETH, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
The trader’s charts show he believes the RSR will rally to $0.017 before plunging to its lowest level in a year. He also mentions the token’s mainnet, which is 99% complete.

RSR is trading for $0.0064 at the time of writing.

The analyst then turns his attention to BNB, the native asset of Binance, the world’s largest crypto exchange by volume. He expects BNB to rally to $297.50, up 10.2% from its current price of $298.98 before also plunging to its July levels.

“The move down from the top of wave A looks three waves, so after the divergence it’s probably a flat pattern. The top of wave C would be 1:1 from A. Target = $297.50.”
Crypto analyst says one Ethereum-based altcoin set to explode by 165%, sees the way forward for Binance Coin (BNB) and ETH, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
Crypto Capo concludes his analysis by turning his attention to ETH, saying that the leading smart contract platform is bouncing off a key support level and should offer a good risk-reward trade-off for investors.

“Bouncing off key support with some regular bullish divergences. First TP [take profit] is the detail of the H&S [head and shoulders pattern]that offers a good risk premium.”
Crypto analyst says one Ethereum-based altcoin set to explode by 165%, sees the way forward for Binance Coin (BNB) and ETH, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
ETH is changing hands at $1,272, down 5% on the day.

Featured image: Shutterstock/ValDan22

Source: Crypto News Deutsch

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