A popular analyst predicts that Bitcoin Cash is poised for a 25% rise. He also explores the prospects of Roll Bit and Unibot.
A widely followed cryptocurrency analyst is expressing bullish sentiment on Bitcoin Cash (BCH) after a sudden bullish move.
Crypto trader Altcoin Sherpa tells his 196,800 followers on social media platform X that BCH could rise 25% from its current value.
“I have no clue why it pumps so well. But carry on. The chart is clean in this case. I think it is still going to go higher. It would be good to buy a dip for around $220.”
The trader is using Fibonacci retracement levels to suggest that BCH may fall to $220 before climbing to $300.
Bitcoin Cash, the hard fork of Bitcoin (BTC) that split from the top cryptocurrency asset in 2017, is trading at $240 at the time of writing.
Next, the trader says that crypto casino platform Rollbit (RLB) and Telegram bot app Unibot (UNIBOT) both look bullish.
Coin chains have been doing really well lately. Both RLB and UNIBOT still look good. But there are plenty of other really strong mid-caps.
You decide how far down the risk curve you want to go. But for now, everything looks good.
Looking at his chart, the analyst seems to see RLB as promising after turning its resistance at $0.158 into support. Rollbit is trading at $0.16 at the time of writing.
And as for UNIBOT, apparently the chart shows that this altcoin looks bullish after the diagonal resistance is removed. UNIBOT is worth $62.51 at the time of writing.