Terra (LUNA), Cosmos (ATOM), and three other crypto assets are among the top cryptocurrency picks for the month of March, according to a well-known crypto expert.
After recovering from a low of $43 to nearly $100 in a little over a month, trader Jason Pizzino tells his 261,000 YouTube viewers that decentralised finance (DeFi) payment network Terra looks robust.
“[LUNA] has broken out of a number of these patterns and [resistance] levels, and it’s now settling at higher levels.” So LUNA is at the top of my list, especially when I look at the LUNA/BTC chart. It’s reached unprecedented heights… When you hit new all-time highs, you’re effectively saying there’s no more overhead resistance.”
Cosmos is the next project, a blockchain ecosystem built to scale and communicate with one another. Pizzino is positive on ATOM since its BTC pair (ATOM/BTC) continues to show momentum.
“ATOM/BTC is attempting to re-close above the 50% [Fibonacci level].” It’s reached new highs, returned to 50%, and now has found support [while printing] new lows.”
Near (NEAR), a developer-focused blockchain designed for scalability and reliability, is another coin on his list. Before taking long positions, the crypto strategist expects Near to continue grinding upward, according to the crypto strategist.
“[Near] has also re-entered the 50 percent range… It’s more than ten dollars. I’d be concerned if it fell below $10 and attempted to reclaim the bottom around $7… Returning above $14, which is [the February 6th] high right here, would be a low-risk move for me.”
FTT, the native asset of crypto derivatives exchange FTX, is the last altcoin on Pizzino’s radar. FTT, according to Pizzino, seems optimistic after staying over $40 even after the sell-off incident on February 24th.
“At the present, what I like about FTT is that it has broken the downturn. So it’s bounced off these ($40) levels and is now attempting to consolidate above $44… So, above $44, things are looking good, and beyond $50, things are looking even better.”
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.