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Short-term crypto analyst bearish on $ FTM and NEAR, bullish on $ AAVE and $ ATOM

Recently, the host of the hugely popular YouTube series Coin Bureau explained why he expects short-term bearish price action for Fantom ($ FTM) and Near Protocol ($ NEAR) and why he understands the near-term outlook for Aave. optimistic looks ($ AAVE) and cosmos ($ ATOM).

In a video published three days ago on the YouTube channel Coin Bureau, the pseudonymous presenter of the show “Guy” shared his thoughts on the native tokens of four major crypto projects: Fantom, Near Protocol, Aave and Cosmos.

According to a report by the Daily Hodl, this is what Guy had to say about these four crypto assets:

  • $ FTM: “FTM looks strong on the charts but the RSI suggests he’s running out of breath. We are also approaching a significant resistance zone around $ 2.60. So keep an eye out if you also do FTM. “
  • $ NEAR: “But don’t get too involved in the FOMO. The graph suggests that NEAR is as good as done and could drop to as low as $ 12-13 in the coming days if it enters another phase of consolidation. “
  • AAVE: “On the other hand, the Aave pump seems to be starting up. It was caused by the news that a Swiss bank called SEBA will integrate the institutional version of the Save protocol to allow their protocols to run DeFi in a compliant manner … Even if Aave is a little overwhelmed on the course of the day, the weekly shows Chart this it has the momentum it needs to break the resistance zone at $ 300 in the coming months. I suspect Aave will stutter around the $ 400 mark, which is the next zone of price resistance. “
  • $ ATOM: “The price movement of ATOM looks incredibly similar to that of Aave, as the weekly price momentum is massive. If we see a repeat of what happened in May, it won’t be long before ATOM sees another all-time high. “

According to data from CryptoCompare, $ FTM, $ NEAR, $ AAVE and $ ATOM are currently (as of 19:54 UTC on December 30th) at $ 2.175 (+ 0.65%), $ 14.98 (+ 2.96%) ), $ 263.04 (+.) Trains 8.48% and $ 30.05 (+ 11.67%), respectively.

Disclaimer of liability

The views and opinions of the author or any other person mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets carries the risk of financial loss.

Photo credit

Selected image from “nosheep” via Pixabay

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