Smart Contracter, a crypto analyst, who called Bitcoin (BTC) 2018 bear market bottom, has recently announced that he has reduced his crypto holdings after analyzing the charts of three altcoins. Those three are Fantom (FTM), The Graph (GRT) and dYdX (DYDX). He claimed that the charts indicate that these three altcoins are about to have a sell-off event, which might be a warning for the rest of the crypto markets.

When he evaluated Fantom, he noticed that FTM has broken down the diagonal support of the bear flag and he predicted the next support, which is around $0.386. Currently, FTM is trading for $0.453. For the blockchain-indexing protocol The Graph, Smart Contracter highlighted that the ABC corrective wave is taking place within a bear flag, which can lead to the downside target of $0.12, while the current trading price of GRT is $0.144. Lastly, while reviewing the decentralized exchange dYdX, Smart Contracter described a possible break of bear flag, as the current trading price of DYDX is $2.47.

Analysts call the attention of people who are into trading in cryptocurrencies regularly because of the market’s volatility compared to traditional markets such as stocks. It is very crucial to take the warnings of analysts such as Smart Contracter into consideration. Smart Contracter’s recent study is a perfect reminder for the traders to pay attention to the bear flags and other technical analysis signals in order to make the most profitable decisions for their positions.



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