A crypto analyst and trader widely followed by the crypto community, three Ethereum rivals’ smart contract platform on growth from Solana (LEFT) He said he has more space.
According to analyst alias Smart Contracter Ethereum (ETH)The coin will hit its all-time high (ATH) after correcting in a three-wave ‘A, B, C’ pattern as defined in Elliott Wave Theory.
According to the theory, price trends follow a five-wave pattern of emotional waves labeled 1 to 5, while the countertrend follows a three-wave pattern labeled ABC.
“A nice clean abc on ETH with a weekly ATH retest, I think we hit bottom and we’ll see ATH from here, I’m long and strong.”
Smart Contracter believes that Solana, the fifth largest cryptocurrency by market capitalization, still has more upside potential, but with that, the trader believes that smart contract blockchains Avalanche (AVAX), Terra (LUNA) and Phantom (FTMHe states that there are better opportunities in Ethereum competitors such as .
“I’m leaving baby SOL now.”
I put this baby in the top 5 from obscurity.
I believe there are still many more bullish areas, but here are LUNA, FTM, AVAX etc in terms of earnings percentage. There are better tier-1 players like this.”,
Crypto analyst also Bitcoin (BTC) and decentralized finance (DeFi) platform Curve DAO (CRV) He is also optimistic about the governance token and says he bought Bitcoin at the $61,000 level after the flagship crypto-asset had corrected by nearly 10 percent over the past seven days:
“BTC doesn’t look too hot either, I’m investing at 61k, it will probably take a week or so to pay off.”
The analyst doesn’t seem to have caught the entry opportunity very well, as Bitcoin is trading at $58,187 at the time of writing.
The crypto analyst also said that he purchased CRV after the DeFi governance token completed a three-wave countertrend pattern.
“I longed some more CRV, nice clean 3 waves, going down with a continued V-turn.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.