By USA Goldmines 
An analyst who accurately called the 2022 crypto collapse believes that digital assets are close to entering a period of sustained rallies.
Pseudonymous analyst Capo tells his 909,000 followers on the social media platform X that he sees the resurgence of bullish momentum in crypto.
However, the analyst notes that his prediction will come to fruition only after a significant correction.
“Potential last 5%-15% shakeout, before the ‘up only season’ begins.
Just don’t get shaken out.”
Capo also tells his 114,604 subscribers on his Telegram channel that he’s building a hedge position in line with his expected correction. Hedging is a risk-management strategy where traders open new positions designed to offset the potential losses of their existing investments.
Looking at Solana (SOL), the analyst shares a chart suggesting that the large-cap crypto asset would plunge toward the $220 price level before sparking a rally to a new all-time high of $320.
At time of writing, SOL is trading for $250.
As for Ethereum (ETH), the trader sees the leading altcoin retracing to its “main support” area before surging to a new all-time high close to $5,000.
“This is how it would look. Same as before, but adding the potential last shakeout, which would test the $2,800-$3,000 support again.”
Based on the trader’s chart, he seems to predict that altseason will begin once Ethereum ignites its run to a new record high. At time of writing, ETH is worth $3,329.
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The post Trader Who Nailed 2022 Crypto Meltdown Says ‘Up Only’ Season in Sight – But There’s a Catch appeared first on The Daily Hodl.
An analyst who accurately called the 2022 crypto collapse believes that digital assets are close to entering a period of sustained rallies. Pseudonymous analyst Capo tells his 909,000 followers on the social media platform X that he sees the resurgence of bullish momentum in crypto. However, the analyst notes that his prediction will come to
The post Trader Who Nailed 2022 Crypto Meltdown Says ‘Up Only’ Season in Sight – But There’s a Catch appeared first on The Daily Hodl. Ethereum, Solana, Trading, ETH, SOL, trading
This articles is written by : Nermeen Nabil Khear Abdelmalak
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