A crypto analyst known for his accurate Bitcoin price predictions says that 2 altcoin projects he follows closely are preparing for explosive moves. Let’s take a look at the current technical analysis of Smart Contracter, keeping in mind that the forecasts are not exact.
Smart Contracter awaits boom in two popular altcoin projects
As can be seen from this article, Smart Contracter, which accurately predicted the year-end collapse of Bitcoin (BTC), has updated its forecasts for several altcoins. In his recent analysis, Contracter says monthly closings look good for a number of projects. The first altcoin on the analyst’s radar is Phantom (FTM), which completes a corrective ABC pattern on the weekly timeframe. The analyst predicts an explosive 190% move from the current $1.55 level to the ATH level of $4.50 for the smart contract platform:
FTM looks like a major corrective ABC from the weekly highs. Another one that I think has a good chance of hitting an all-time high this year.
At the time of writing, Phantom (FTM) is trading at $1.65, up 9.60% in the last 24 hours, up 19.99% from last week.
Solana (SOL) signals bullish
Smart Contracter adds that high-performance Blockchain Solana (SOL) is giving bullish signals in both USD and Bitcoin pairs . Looking SOL against the US dollar (SOL/USD), the analyst says the pair is showing an uptrend below a few months’ downtrend:
Monthly charts closed today and one of my favorite altcoin projects is Solana (SOL). In the USD pair, we have a star pattern on the monthly time frame occurring above 0.618 (Fibonacci retracement level). Paired against
Bitcoin (SOL/BTC), Smart Contracter suggests Solana has completed a three-wave retracement pattern (ABC), which suggests a trend reversal:
Also in Bitcoin pair, From the top the whole structure looks like a clear ABC (model). Smart Contracter, whose analysis we share as
Kriptokoin.com, bases its forecasts on Elliott Wave theory, which predicts future price action by following crowd psychology, which tends to manifest in waves. According to the theory, the completion of an ABC corrective pattern often leads to a trend reversal.
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