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5 Altcoins with Potential Trading Opportunities: Technical Analysis for ADA, DOT, SAND, SOL, and SHIB

URGENT: Altcoin Market could see 30% DROP!
URGENT: Altcoin Market could see 30% DROP!

In this article, we will discuss five altcoins with potential trading opportunities based on technical analysis. The altcoins we will be discussing are Cardano’s ADA, Polkadot’s DOT, The Sandbox’s SAND, Solana’s SOL, and Shiba Inu’s SHIB.

Cardano (ADA)

The presenter of the video JB anticipates a downward move for ADA, possibly forming an ABC structure. This could lead to potential price drops of 9%, 11%, or 14.45%. JB also mentions that the current market conditions favor traders, and he has been shorting ADA for a while, targeting a price of 64.863.

Polkadot (DOT)

JB discusses DOT from an Elliott wave perspective, suggesting a significant drop of approximately 10% to 12%. JB also mentions a nested structure within the third wave of the price movement, which could lead to a healthy relief rally after the downward movement. JB’s target price for DOT is as low as 64.868.

The Sandbox (SAND)

JB expects SAND to move to around $26.77, representing a potential 9.79% drop. JB also mentions a key support and resistance area that SAND could test in the near future.

Solana (SOL)

JB forecasts a 10% to 16% drop for SOL, based on Elliott wave patterns. JB also mentions the possibility of a push to the upside before the significant drop.

Shiba Inu (SHIB)

JB considers the possibility of a push to the upside for SHIB before a significant drop, potentially ranging from 8% to 16%. JB also mentions that he is watching SHIB closely and will update their analysis as the market conditions change.

Disclaimer

Please note that the presenter emphasizes that these are their views and opinions, and this is not financial advice. Trading decisions should be made with caution and based on personal research.

Conclusion

These are just a few of the altcoins that have potential trading opportunities based on technical analysis. It is important to do your own research before making any trading decisions.

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