Crypto Trader Says AI Altcoins Are the ‘Ones To Focus On,’ Pinpoints Entry Prices for Three Projects
The post Crypto Trader Says AI Altcoins Are the ‘Ones To Focus On,’ Pinpoints Entry Prices for Three Projects appeared on BitcoinEthereumNews.com.
A popular crypto trader is pinpointing potential entry points for a trio of red-hot artificial intelligence (AI) altcoins. The pseudonymous analyst known as Altcoin Sherpa encourages his 207,700 followers on the social media platform X to pay attention to Fetch.ai (FET), Worldcoin (WLD) and Bittensor (TAO). “Given how hard some of these are going, I would view the .236 fib and the .382 fib areas as good starter points. WOULD NOT GO ALL IN on any one entry. DO NOT FOMO. A pullback probably coming soon. These are more for trades, not investments. For investments, you want to just go ahead and scale in and then go into a coma and don’t trade it/let it sit for a while. I wouldn’t be surprised to see some sort of mild pullback or consolidation soon. If you see some ranging for a few days at these high levels, that’s pretty decent. You want the volume to heavily die down.” Traders use Fibonacci extensions in technical analysis to estimate profit targets and price pullbacks. They are based on Fibonacci ratios. Fetch.ai, a decentralized artificial intelligence platform for applications, is trading at $1.06 at time of writing. The potential entry points on Altcoin Sherpa’s chart for the asset are $0.7669 and $0.6856. Source: Altcoin Sherpa/X Worldcoin, the controversial eye-scanning biometric crypto project that’s focused on digital identity, is trading at $6.72 at time of writing. Altcoin Psycho’s chart for the asset indicates potential entry points at $6.618 and $5.764. Source: Altcoin Sherpa/X Bittensor, a decentralized blockchain platform that focuses on machine learning and AI, is trading at $628.33 at time of writing. Altcoin Psycho indicates that potential entry points are at $586.68 and $517.75. Source: Altcoin Sherpa/X The analyst also notes traders should look out for volatility, high volume, and wicks in both directions. “That usually…
Filed under: News - @ February 21, 2024 3:32 pm