As there has been plenty of sideways action in the crypto markets recently, popular crypto KOL Josh Moden from CryptoBusy shares with his subscribers 3 altcoins that have shown very bullish trends in recent action.
Polkadot (DOT)
First on the trader’s radar is Polkadot (DOT). Polkadot soared and broke above the overhead resistance at $49.78 on Nov. 1. and reached a high of $55 in 4 days after. At the time of recording, DOT was trading at $50.41.
Trader Busby points out that $48 is a perfect buying opportunity region as there was an imbalance and level of demand.
“I would like to see us break above $52 for that extra confirmation and then we can push higher $55 and above and see that new all-time high for Polkadot. So I would say if we do come back down into this level, we will retest on that big imbalance at 46 to 48 dollars.”
Chainlink (LINK)
Next on the list is Chainlink. According to the trader, LINK is looking bullish on the current chart and promising a great break out. At the time of the video, LINK was trading at $31.6
After a slight rally to $33, LINK was pushed back to the level of supply of $30. The trader points out that LINK is mitigating the previous area where the price reached its high of $36, meaning that LINK can go a lot higher.
“We’ll probably see another step up continuing the uptrend higher, pushing above that $34 region. After that, there is going to be a level of supply to watch out for and that will be around 35. So if the price does come into there, it may have a hard time breaking that but once we break above that, that’s when we can really get talking about these 40 to 50 dollar levels for Chainlink.”
Thorchain (RUNE)
Last on the list is Thorchain (RUNE). At the time of the recording, RUNE was trading at $33.67.
The trader advises that the current price is a great level to buy as RUNE will push up higher and get back to $30 region soon.
“I think this is a great level to buy from personally. We’ll see a continuation up to 18 to 20 dollars soon. And then back to $30. If we do come down lower, however, again remember there are other levels at play here. There is a level around 11 to 12 that could also act as a potential level to bounce from.”
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