Trader and DataDash founder Nicholas Merten reveals some of this year’s top crypto picks as a new altcoin season unfolds.
Here are those altcoins
Merten says he is watching Uniswap closely against Bitcoin in a new episode of DataDash. Merten stated that UNI / BTC is ready to end the downtrend while printing a technical reversal pattern.
“The general situation is that we probably have a chance to rise to even higher levels. If Uniswap continues to get higher volumes, the price could rise even more. ”
The DataDash founder estimates that UNI / BTC could rise above 0.007, representing a 180% increase from its current value of 0.00025.
Another coin on Merten’s list is dHedge DAO (DHT), an Ethereum-based decentralized asset management protocol that allows users to become their own hedge fund. He expects the DHT / BTC pair to jump above 0.00014 from the price of 0.000058.
The analyst is also bullish on Chainlink (LINK / BTC). Merten said the pair started showing signs of life after printing a huge green candle on the weekly chart.
“Chainlink has a nice foundation here, it formed a very healthy bottom for a few weeks in early January and is now starting to rise.”
Merten is also watching Polkadot (DOT / BTC). He believes the pair has ended its downtrend earlier this month and is ready to climb from its current value of 0.00047 to 0.0013.
Another coin on Merten’s radar is Cardano. He says the ADA / BTC pair looks technically sound after breaking the 0.0001 resistance.
“It is only a matter of time to turn [resistance] into support in the next few days, and possibly even higher against Bitcoin.”