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Under the Surface Strength

By Louis Sykes

August 17, 2021
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If there's one prevailing theme right now, it's that there's a growing list of cryptos making new highs.

It all started with Cardano, and we know how that turned out...

For us, it's very simple. The coins that are among the first to breakout are the strongest names and will continue to lead the asset class higher.

As we said in yesterday's note, if you're solely focused on Bitcoin wedged under resistance, you're not seeing the strength under the surface:

Just take a look at the Altcoins reasserting leadership versus Bitcoin at this very logical level.

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Louis Sykes

Senior Crypto Analyst, ASC Crypto

Louis Sykes is the Senior Crypto Analyst at All Star Charts, where he leads research at the frontier of digital assets. Over his tenure, he has authored more than 1,000 research reports, helping both institutional and retail investors navigate one of the fastest-moving markets in the world.

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