FTM and Two Other Altcoins Are Flashing Warning Signs for Crypto Markets, Says Analyst Predicting Bottom

A trio of altcoins is providing warning signs for the rest of the cryptocurrency market, according to a cryptocurrency strategist who identified the bottom of the 2018 bitcoin bear market.

Anonymous analyst Smart Contracter revealed that he reduced his cryptocurrency holdings after looking at the charts of Fantom (FTM), The Graph (GRT) and dYdX (DYDX).

According to strategists, these three altcoins appear to be on the verge of a sell-off.

“I haven’t looked at any charts over the past few days over Easter, but I’m really taking some exposure off right now. I’ve seen quite a bit of a bear market crash in a lot of altcoins, which may provide some insight for the rest of the market Warning sign.”

Altcoin

FTM Price Chart | Source: smart contractor

Looking at the trader’s chart, it looks like FTM has removed the bear flag cross support, with the next level of support near $0.386.

At the time of writing, FTM is trading at $0.453.

As for blockchain indexing protocol The Graph, the analyst shared a chart showing GRT in the middle of an ABC correction while trading in a bear flag with a downside target of $0.12.

Altcoin

GRT Price Chart | Source: Smart Contractors

At the time of writing, GRT is trading at $0.142.

Turning to decentralized exchange dYdX, traders shared a chart showing that the altcoin has fallen to a bear flag.

Altcoin

dYdX Price Chart | Source: Smart Contractors

At the time of writing, DYDX is worth $2.44.

Mingying

According to Daily Hodl


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