Analyst Smart Contracter, known as the crypto prophet, shared two altcoin projects that he expects to rally hard. The technical analyst says he will sell Bitcoin to seize this opportunity.
Accurate analyst says he will sell Bitcoin for this altcoin
You can find the analyst’s past accurate forecasts in this article. Smart Contracter shared the bullish prospects for Dogecoin, which was splashed with up-to-date analysis, Elon Musk and Twitter news. Comparing the DOGE chart to Bitcoin, the analyst says he saw a “crazy upswing”. Contracter adds that he will transfer his Bitcoins to Dogecoin in preparation for this:
I intend to invest the rest of my Bitcoin in Dogecoin for at least the next few months. I haven’t seen a DOGE/BTC chart showing such a crazy uptrend in a while. It’s been going on for almost a year and hardly anyone is even talking about it.
Dogecoin is currently trading at $0.08035. In the midst of Elon Musk and Twitter news you follow on Kriptokoin.com, it completed a 40% rally. Interestingly, he still retains most of that acquisition. DOGE price is currently up over 6% from the last 24 hours. It’s been in the green around 38% since last week. Despite minor corrections, it is still finding new buyers at higher levels.
Dogecoin will see more next week, according to Smart Contracter
Smart Contracter also says that Dogecoin is close to breaking up on the Bitcoin chart. Sharing the technical chart below, the analyst interprets the current situation as follows:
DOGE/BTC has tested this trendline five times and is very close to breaking out of a 12-month reversal head and shoulders [pattern]. I don’t believe he’ll eventually come back after he’s disappeared and give people another chance to get in. In my opinion one of the best looking altcoin/Bitcoin charts available.
Altcoin analyst next examines DeFi protocol Aave (AAVE)
Contracter estimates that the price of AAVE could rise more than 78% from current levels in less than eight weeks. The analyst explains why:
If I can find it for under $76, I’m chasing AAVE for an entry in a day or two. I believe it has formed a noticeably higher bottom on a daily basis and will rise to $150 in the next two months.
Aave is one of the largest DeFi platforms in the market. It simply takes care of traditional methods of obtaining loans in a decentralized way. The network’s native cryptocurrency, AAVE, is currently trading at $81.51. It reached the ATH price of $666.86 in May of last year. Since then, the market has continued to decline in general.
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