Well-known crypto analyst and trader Justin Bennett says he is keeping an eye on Dogecoin (DOGE), Binance Coin (BNB) and Polkadot (DOT) as crypto markets show signs of overstretching.
Bennett reveals to his 63,900 Twitter followers the possible short-term bullish and bearish scenarios for the Crypto DOGE meme, as it forms a symmetrical triangle in the short-term time frame.
“DOGE looks interesting again.
If that fails, I could try buying again for $ 0.26 assuming there are a few [price action] Confirmation. The separation would target $ 0.40. “
Source: Justin Bennett / Twitter
The crypto trader is also looking at Binance Coin, the utility token of the Binance crypto exchange that it says must stay above a major resistance level in order to meet its price target.
“BNB So far, so good. Working at $ 480. If you can get through this then $ 530 is next. “
As for the interoperable blockchain Polkadot, Bennett says DOT needs to remove its immediate resistance in order to open up the possibility of sparking a 56% rally from its current price of $ 25.
“POINT starts to look interesting with this closing price above $ 27.40. Get above $ 29 and $ 39 could be next. Something to keep an eye on. “
The crypto trader adds that he is monitoring the price development of the supply chain management platform VeChain (VET). Bennett said VET is preparing to break the diagonal resistance that has kept the crypto asset bearish since May.
“Are you ready?”
Don’t Miss A Beat – Subscribe to crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the daily Hodl mix
Check the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are made at your own risk and you are responsible for any losses. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / GrandeDuc
