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Five Altcoins with Trading Potential: JB Highlights Key Technical Analysis Points

Altcoins To BUY NOW!
Altcoins To BUY NOW!

In a recent video, JB from Cheeky Crypto discussed five altcoins with trading potential, including Arbitrum (ARB), Avalanche (AVAX), Chiliz (CHZ), Polkadot (DOT), and Polygon (MATIC). He highlighted key technical analysis points for each altcoin.

Arbitrum (ARB)

JB analyzed ARB on the 4-hour chart and identified a potential drop to 78.96 – 78.09 cents. He believes that this could be a good opportunity to buy ARB at a discount.

Avalanche (AVAX)

AVAX is targeting a push to 9.23 – 9.40 after a potential drop to 8.70 – 8.51. JB believes that AVAX is in a strong uptrend and is likely to continue to rally in the coming weeks.

Chiliz (CHZ)

JB reviewed CHZ, anticipating a move to 6.37 – 5.95 as part of an Elliot wave pattern. He believes that CHZ could be a good short-term trade, but investors should be cautious as the market is volatile.

Polkadot (DOT)

DOT is assessed for a possible drop to 4.29 – 3.78 in a corrective structure. JB believes that DOT could be a good long-term investment, but investors should wait for the price to stabilize before buying.

Polygon (MATIC)

MATIC is analyzed for a retracement to 52.97 – 56.01 before a potential drop to 47.5 – 45.89. JB believes that MATIC is in a strong uptrend and is likely to continue to rally in the coming weeks, but investors should be cautious as the market is volatile.

Community Trading Success

JB also highlighted the trading success of the Cheeky Crypto community.

Conclusion

JB’s technical analysis of five altcoins with trading potential provides valuable insights into the current price situation and potential future scenarios. However, it is important to note that all technical analysis is subject to interpretation and should not be taken as financial advice. Investors should always do their own research before making any investment decisions.

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