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Top Trader Says He’s Bullish on XRP and TRON – Here’s Why

Top Trader Says He’s Bullish on XRP and TRON – Here’s Why


Source: Daily Hodle

A pseudonymous trader who continues to grow his following with his savvy altcoin calls says he’s keeping a close watch on XRP and TRON.

In a new tweet, the trader known in the industry as Kaleo says XRP is positioning to revisit its all-time high (ATH) of $3.84.

“The possibility of a breakout leading to a return back to the old ATH is too tempting not to punt a long on.”

Source: Kaleo/Twitter

The trader is also looking at the XRP/BTC pair as he believes Ripple’s native asset has broken out of its multi-month downtrend in the lower timeframe.

“Apparently it’s scam coin season… When it comes to shitcoins, I’m a trader and I really like this setup. I’m long.”

Source: Kaleo/Twitter

As for TRON (TRX/BTC), Kaleo highlights that its chart reminds him of Dogecoin (DOGE) before the joke crypto asset pumped over 983% from 0.00000024 to 0.0000026, in the span of one week.

“TRX/BTC. This chart gives me DOGE pre-pump vibes. When it breaks out, it will go absolutely vertical. I have a bag.”

In addition, the crypto strategist is looking at two other altcoins that he says are poised to erupt.

Number one on his list is BitTorrent (BTT), which he says is currently consolidating after its meteoric ascent from 0.001 on March 5th to its all-time high of $0.0039 on March 20th.

“This entry was spot on. Buy when everyone else is afraid. Looks ready to rip to a new ATH as soon as this diagonal is cleared.”

Source: Kaleo/Twitter

Another coin on Kaleo’s radar is the little-known crypto asset Kin, which he says has tremendous potential for growth.

“KIN is still nearly a 10x away from its all-time high.”

Source: Kaleo/Twitter

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Top Trader Says He’s Bullish on XRP and TRON – Here’s Why appeared first on The Daily Hodl.

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Author: Daily Hodl Staff