{"id":9841,"date":"2022-03-06T10:40:13","date_gmt":"2022-03-06T10:40:13","guid":{"rendered":"http:\/\/egrowonline.com\/?p=9841"},"modified":"2022-03-06T10:40:13","modified_gmt":"2022-03-06T10:40:13","slug":"ethereum-rival-terra-luna-cosmos-atom-and-three-additional-altcoins-bullish-for-this-month-crypto-strategist","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=9841","title":{"rendered":"Ethereum Rival Terra (LUNA), Cosmos (ATOM) and Three Additional Altcoins Bullish for This Month: Crypto Strategist"},"content":{"rendered":"


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A widely followed crypto analyst is naming Terra (LUNA), Cosmos (ATOM) and three additional crypto assets as his top altcoin picks for the month of March.<\/p>\n

Trader Jason Pizzino tells his 261,000 YouTube subscribers that decentralized finance (DeFi) payment network Terra\u00a0<\/a>looks strong after rallying from a low of $43 to nearly $100 in a little over a month.<\/p>\n

\u201c[LUNA] has broken out of a lot of these patterns and a lot of the [resistance] levels, and it\u2019s now consolidating at higher levels. So LUNA is well and truly up on my list, especially when I look at the BTC chart (LUNA\/BTC). It\u2019s broken to new highs\u2026 When you\u2019re in new all-time highs, it basically means there\u2019s no other overhead resistance.\u201d<\/em><\/p>\n

Next up is Cosmos<\/a>, an ecosystem of blockchains designed to scale and communicate with each other. Pizzino says he\u2019s bullish on ATOM as it continues to flash strength in its BTC pair (ATOM\/BTC).<\/p>\n

\u201cATOM\/BTC is attempting to close back above the 50% [Fibonacci level]. It\u2019s moved up to new highs, came back to 50% and now has found support [while printing] higher lows.\u201d<\/em><\/p>\n

Another coin on his list is Near<\/a> (NEAR), a developer-focused blockchain designed for scalability and stability. According to the crypto strategist, he\u2019s looking for Near to continue grinding higher before placing long positions.<\/p>\n

\u201c[Near] has also climbed back above the 50%\u2026 It\u2019s above $10. I would be concerned if it broke back under $10 [and] tried to take out the low again at $7\u2026 The low-risk trade for me would be back above $14 which is [the February 6th] high right here.\u201d<\/em><\/p>\n

The last altcoin on Pizzino\u2019s radar is FTT<\/a>, the native asset of crypto derivatives exchange FTX. Pizzino says FTT looks bullish after managing to stay above $40 even after the sell-off event on February 24th.<\/p>\n

\u201cWhat I do like about FTT at the moment is that it has broken the downtrend. So it\u2019s bounced off these levels ($40), and it\u2019s attempting to consolidate above $44\u2026 So above $44 is looking alright, and above $50 is obviously stronger again.\u201d<\/em><\/p>\n