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Top trader says Ethereum competitor Avalanche (AVAX) and two altcoins appear ready to explode

A closely-followed crypto trader says there is a big reversal in the trend for one altcoin and two more crypto assets are building bullish setups.
The pseudonymous trader Cantering Clark tells his 95,000 followers on Twitter that he is keeping an eye on ICE, the governance token that powers the multichain earnings optimization platform Popsicle Finance.

With the ICE far from its all-time highs and showing signs of sudden strength, Cantering tells Clark that a turnaround may be underway. He’s looking at ICE in his Wrapped Ethereum Couple (ICE / WETH) to measure its strength.

“Okay. This chart is pretty noisy right now.

Narrative + big names + trend reversal “
Source: Cantering Clark / Twitter
The merchant is also keeping an eye on SPELL, the governance token for abracadabra.money, a decentralized financial platform (DeFi), which enables users to deposit interest-bearing collateral to secure loans from their Stablecoin Magic Internet Money (MIM) includes what is supposed to be self-repayable loans.

According to Cantering Clark, SPELL shows a change of direction that is unparalleled in the other crypto markets.

“I’m not sure there is a cleaner change of direction than SPELL.

High timeframe W low point at just the right time as most old sellers cool off from highs after a 70-80% decline. Major players have built positions. Send it. “
Top trader says Ethereum competitor Avalanche (AVAX) and two altcoins appear ready to explode, Crypto Trading NewsSource: Cantering Clark / Twitter
One Ethereum competitor that is on the trader’s radar is the smart contract platform Avalanche (AVAX). According to him, all-time highs could be around the corner after a clean break of the $ 120 mark.

“AVAX is such a beast.

A possible S / R flip (support and resistance) is around 120 US dollars for the daily pivot.

ATH (All-time highs) next. “
Top trader says Ethereum competitor Avalanche (AVAX) and two altcoins appear ready to explode, Crypto Trading NewsSource: Cantering Clark / Twitter

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Source: Crypto News Deutsch

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