Some cryptos are nearing attractive price levels for a potential short-term trades. They have given a recent breakout or on the verge of breaking out.
In this article, we will explore the top 3 swing trading crypto ideas, based on the latest news and prices.
Solana (SOL)
Solana can be described as a high-performance blockchain that has low-cost transactions, smart contracts, and decentralized applications. Sol has performed well in this year. Solana offers applications in the field of decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.
Solana is currently trading at $69.27. However, the price is still up 19.1% in the last 30 days and 445.4% in the last year. Solana has a market cap of $29.53 billion, ranking it as the sixth-largest cryptocurrency by market cap.
In a four-hour time frame, the price is falling from the resistance trendline of the Rising wedge chart pattern. we have to wait for a successful breakout or breakdown to confirm its next direction.
BitCoin
Bitcoin has been on an impressive run lately. It has gained more than $10,000 value in very quick time. The price is further expected to go up and reach $50,000.
Let’s have a look at the chart for price prediction.
Eyes on the breakout ????.
Chainlink (LINK)
Chainlink can be described as a decentralized oracle network connecting smart contracts on the blockchain with real-world data, events, and payments. Chainlink allows smart contracts to access reliable and verifiable information from external sources, such as price feeds, weather data, sports scores, and more. Chainlink also enables smart contracts to interact with other blockchains and systems, such as Bitcoin, Ethereum, and PayPal.
Chainlink is currently trading at $14.09. The price is still up 29.8% in the last 14 days and 8.66% in the last 7 days. Chainlink has a market cap of $7.84 billion, ranking it as the 14th-largest cryptocurrency by market cap.
In a 3D TF, the price is getting rejected from the horizontal resistance zone. If it breaks the horizontal resistance level with a successful retest then it can go further upward.
On the other sides, if it breaks the S/R level then it will go downward.
Conclusion
In this article, we have discussed the three crypto ideas that could be good for short-term trade. Remember, this is not a financial advice or buy recommendation, so consult your financial analyst and measure your risk appetite before taking any trade.
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