A popular crypto analyst says the return of the leading altcoin Ethereum (ETH) is imminent. There is also bullish prospects for the popular meme coin Dogecoin (DOGE).
“The next level for the leading altcoin: $2,400”
Crypto analyst nicknamed Smart Contracter shared his latest predictions to his 211,400 Twitter followers. The analyst is known for accurately predicting the bottom of the 2018 Bitcoin (BTC) bear market. For accurate predictions of Smart Contracter, see this article of Kriptokoin.com. The analyst says that ETH currently gives a clear buying opportunity as it repeatedly respects the 200-week moving average. According to the analyst, the leading altcoin is targeting the $2,400 level. This means 80% gain from current prices. In this context, Smart Contracter makes the following statement:
Long-term purchasing rivals have really made their mark. ETH is currently based on 200wma or five weeks. Once this weekly low dissolves and starts rising again, you’ll have no excuses as to why you missed it. I think $2,400 is next.
Source: Smart Contracter / TwitterAt press time, Ethereum is trading at $1,347.
“I think it’s time to take your shots!”
The popular analyst is also bullish on altcoin projects in general. He says the altcoin index on crypto exchange FTX is printing a bull hammer pattern that creates a large falling wedge. This is considered a traditional bullish pattern. The analyst makes the following assessment for altcoins:
Altcoin projects are now looking at GTG. IMO, the altcoin index on FTX had a big draw of 0.618 plus a crazy butt wick from its overall structure. It also looked like a falling wedge begging to leave. I think it’s time to take your shots.
Source: Smart Contracter / TwitterAnalyst also predicted rise for DOGE
Smart Contracter says the markets are poised to rise. However, another popular analyst, Crypto Capo, argues that only a brief relief rally started before another big drop. According to Capo, Bitcoin is poised to rally to around $21,000 before making a heavy correction to the $14,000 level. Capo expresses these views as follows:
Price action looks like an uptrend. Heatmaps are bullish. All I see is a lot of shorts that need to be squeezed. Shorting is not a good idea. Send it for $21,000.
Source: Capo / TwitterMeanwhile, earlier this month, Smart Contracter predicted a price increase for the meme coin Dogecoin. He said DOGE is poised to rise after “crazy” accumulation in Bitcoin (DOGE/BTC). He made the following statement for this prediction:
DOGE/BTC has the craziest looking high timeframe accumulation going on. I haven’t seen such a clean collection in a long time. I dare to review this again in a year. DOGE will be much higher at $0.065.
Source: Smart Contracter / TwitterAt press time, DOGE is trading at $0.05946 according to CoinmarketCap data.
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