Sherpa

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 A widely followed crypto trader says two prime setups have formed on two low-cap altcoin projects. 
 Pseudonymous analyst and trader Altcoin Sherpa tells his 196,000 followers on the social media platform X that he’s watching decentralized finance (DeFi) lending platform Venus (XVS), and proof-of-work cryptocurrency Flux. 
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 Altcoin Sherpa says both <a rel="dofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> have consolidated in prime areas right on resistance near the 200 4-hour exponential moving average (EMA), before blowing past their key levels. 
 “Look at these two trade setups with XVS and FLUX 
 -consolidation right near resistance -right near the 200 EMA on the 4h -Rounded bottom 
 EXPLOSIVE move through resistance.” 
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 <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5hycIgXEAEKlVZ?format=jpg&amp;name=4096x4096" alt="Image" width="2168" height="1221">
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 Source: Altcoin Sherpa/X
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 <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5hycImW8AAWuFJ?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1221">
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 Source: Altcoin Sherpa/X
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 XVS is trading at $4.39 at time of writing, with a $67.9 million market cap, while FLUX is priced at $0.39 with a $100 million market cap. 
 Altcoin Sherpa is also looking at COTI, a DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stable<a rel="dofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>. 
 The trader says that he’s already long on COTI, and is looking to get out at $0.0469 and $0.0507 levels 
 “COTI: Trade I’m in from lower… 
 Will take profit all the way up” 
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 <img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5hsSaqWMAA1xrL?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1221">
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 Source: Altcoin Sherpa/X
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 At time of writing, COTI is trading for $0.0426, sideways in the last 24 hours. 
 
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-trader-details-setups-on-two-low-cap-altcoins-amid-explosive-moves-through-resistance-tbt62607.html">https://thebittimes.com/crypto-trader-details-setups-on-two-low-cap-altcoins-amid-explosive-moves-through-resistance-tbt62607.html</a>

Crypto Trader Details Setups on Two Low-Cap Altcoins Amid ‘Explosive’ Moves Through Resistance

TheBitTimes

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