A widely traded cryptocurrency strategist says Solana and two other cryptocurrencies are preparing to print all-time highs with two other crypto assets expected to bottom.
Anonymous trader Smart Contracter predicts that smart contract platform Solana is preparing for another massive price hike on its way to a new all-time high.
“Sol Oh dear absolutely (ATH) let’s go. $300 is coming. “
The Smart Contracter’s prediction is based on his analysis that Solana will follow in the footsteps of Binance Coin when it rose from around $50 at the start of the year to an all-time high of $691.
“If SOL follows how far BNB has gone, it could reach $900.”
Another coin on the trader’s radar is Ethereum competitor Avalanche (AVAX), which says it is ready for a big move after ending its corrective phase.
“That should be the run to ATH, where the long runs are eliminated and all focus goes back to SOL. I suspect $100 or 130% from here would be fairly easy.”
Next up is Synthetix Network Token (SNX), a cryptocurrency that supports the trading of synthetic assets. According to Smart Contracter, SNX is nearing its build-up phase and is ready to launch its bullish trend.
“I also think SNX Down and going to ATH from here to clean ABC daily bearish from March highs. A clear baseline/accumulation structure may need 1-2 more time to build up, but decentralized finance (DeFi) should get a show in the next few weeks.”
The cryptocurrency analyst is based on the Elliott Wave Theory, a technical analysis method that predicts future price movement by following the collective psychology of waves. According to the theory, the bull cycle goes through five distinct waves. Based on the Smart Contracter’s five wave count, SNX could rise to $35, which is a bullish probability of more than 230% from its current price of $10.50.
As for the bottom picks for the cryptocurrency strategist, the Smart Contracter keeps an eye on the curve (CRV), the governance token of Curve Finance, a decentralized stable exchange. According to the crypto-analyst, CRV is showing signs that it is ready to double in value against the US dollar, Bitcoin and Ethereum.
“There is a lot of hatred for DeFi at the moment because it has underperformed, but the major weekly SFP (failure swing pattern)/reversals are forming on the BTC and ETH pairs for CRV. “
The last coin on the trader’s list is the Polygon blockchain scaling solution (MATIC), which he says is poised to reverse its downtrend and rise to $2.50.
“I need lower timeframes to confirm, but maybe, most likely, that was the bottom line.”
Don’t miss out – sign up to get encrypted email alerts delivered straight to your inbox
Follow us TwitterAnd Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
قد يهمك أيضاً :-
- ديون Evergrande تؤثر على التشفير ... والانخفاضات الحادة لـ "Bitcoin"
- تحيا مصر | "منحازة بلا حدود تجاه الشعب" .. تعليق من جمعية المؤلفين والملحنين على دعم الرئيس السيسي للفنانين
- Bengaluru crypto startup Unocoin has launched a feature to pay highway tolls with Bitcoin
- بعد 5 جولات ، ترتيب صلاح بين منافسيه في الدوري الإنجليزي الممتاز
- تقوم شركة أسيوط لتكرير البترول بتوريد منتجات للسوق المحلي بقيمة 945 مليون دولار خلال 2020/2021
- صورة جماعية للأهلي مستبعد من مباراة السوبر برعاية محمد محمود - اليوم السابع
- أسعار العملات المشفرة اليوم .. خسائر "مجنونة" تسحق "بيتكوين" و "تشين لينك"