Crypto strategist and trader Scott Melker expects Binance Coin (BNB) and four red-hot crypto assets to continue their ascent after flashing bullish signals.
In a new strategy session, Melker tells his followers that he is keeping an eye on BNB as he believes Binance’s utility token could rise over 80% from the current price of $ 542.18.
“[We] Get this other bull pennant in black, gray flagpole. Extrapolate the goal: $ 1,000. “
The trader is also watching the development of the Polygon (MATIC) blockchain scaling solution, which is likely to continue its upward trend, propped on the coin’s strong fundamentals.
“The volume goes back up and then keeps going up. It’s absurd. But for basic reasons. They have a lot of TVL (Total Locked Out). People use it. It solves problems. It’s a layer two solution. But me my, this is crazy. ”
Another DeFi (Decentral Finance) project that is on Melker’s radar is the Polkastarter crowdfunding platform. According to the trader, Polkastarter ignites a major rally after the Bitcoin (POLS / BTC) breakout.
“[Polkastarter] looks great. Pause, perfect retest, volume does not increase after no volume. That should go up. That should be safe. “
The automated market maker SushiSwap (SUSHI) is also on Melker’s list. The crypto analyst determines key buy levels for SUSHI as it targets a new all-time high of $ 23.40.
“Over here, SUSHI. Nice breakout … Now you want to be above $ 18,346 I would say. Otherwise, buy down here ($ 15,170) when it goes down again. ”
The last coin is the decentralized oracle network Chainlink. According to Melker, Chainlink looks optimistic about Bitcoin (LINK / BTC) as it climbs from its current value of 0.00085 to 0.001, then 0.0012 and 0.0016.
“That looks great. It came down here (0.00037), retested and looks like it’s going up … I think LINK looks good. It looks kind of ready to go. It looks pretty good out. “
Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Featured image: Shutterstock / Dudarev Mikhail / Andre Boukreev