Cryptocurrency analyst: Ollench prepares for leapfrog

Pentoshi, an active Twitter analyst who correctly predicted the end of Bitcoin’s bull run last year, says Avax is now preparing for a new bull run.

According to Daily Hodel, he addressed his 660,000 followers on Twitter by publishing the following chart:

I bought some AVAX and plan to invest more in price floors. I imagine that a decent structure is forming in the short-term timeframes of Olinch.

Olench is currently hovering around $13.66 and needs to experience a 10% growth to reach the $14.83 target in Pentochi’s analysis. According to the chart above, Pantoshi expects the price to reach the next resistance at $19.78 after breaking through $14.83, a 45% bounce from current levels.

Referring to the chart of Bitcoin, he said that Bitcoin must first overcome the resistance of $17,500 to start its new upward trend.

He says:

If you don’t like the idea, you don’t have to follow it. You are an adult and adults make their own decisions. Anyway, so far so good. The rest is up to you to manage your trading positions well. I am just sharing my ideas and I have already invested a small part of my capital in the trade.

Pantoshi has predicted a 20% jump from current levels ($7.35) for China Link. He has said that China Link will soon reach $8.88 and so far everything has gone according to his expectations.