Popular crypto strategist and analyst Smart Contracter states that the explosive altcoin Solana (SOL) may continue its impressive performance. Also, the analyst predicts strong uptrends for Ethereum (ETH).
Smart Contracter: This is a monster uptrend reaccumulation…
Veteran analyst Smart Contracter tells his 176,000 Twitter followers that he watches Ethereum closely against Bitcoin (ETH/BTC) as the trading pair continues to rise after emerging from a massive inverted head and shoulders pattern (IHS). Smart Contracter adds the following to its explanations on the subject:
ETH/BTC still a major IHS breakout after a three-year bottom. It’s been a bit boring the last few months but sorry, this is a reaccumulation in a monster uptrend.
An inverted head and shoulders pattern is a bullish technical pattern that marks the start of a new uptrend. According to Smart Contracter’s chart, ETH/BTC is currently consolidating in a bullish continuation pattern and could climb as high as 0.12 BTC.
Smart Contracter: I think today is the day we will break out in the leading altcoin ETH.
Looking at the performance of the leading smart contract platform against the US dollar, the crypto strategist says that ETH is now on its way to $5,000 after taking a cross-resistance. Smart Contracter adds the following to its explanations on the subject:
I think today is the day we will break out in the leading altcoin ETH.
Smart Contracter: Popular altcoin Aave is my old favourite!
Analyst believes Aave (AAVE) is ready to ignite an epic rally after recording a bullish pattern. Smart Contracter adds the following to its explanations on the subject:
Put a solid weekly higher low here. I’m going to assume that while blue chips like the CRV are on the move, other blue chips have bottomed out and aren’t far behind. Decentralized finance season is approaching and the popular altcoin Aave is my old favourite.
Smart Contracter: Solana is just getting started here
The analyst uses Elliott Wave theory, a technical analysis approach that predicts future price action by following the psychology of market participants, which tends to manifest in waves. According to Smart Contracter’s chart, AAVE could climb as high as $900 before completing its five wave cycle.
As for Ethereum rival Solana, Smart Contracter predicts a strong rally for the hot altcoin after breaking two diagonal resistances on the 12-hour chart. Smart Contracter adds the following to its explanations on the subject:
There are two different degrees of SOL downtrends. This bad boy runs a lot when things go his way, and he’s just getting started here.
Smart Contracter: SOL price of $900 is no joke! it will come true
In the short term, the crypto strategist predicts Solana could revisit the all-time high of $218. Long-term, Smart Contracter argues that Solana will spark a massive rally to $900 as SOL believes it is following in the footsteps of Binance Coin (BNB)’s epic rise earlier this year. Smart Contracter adds the following to its explanations on the subject:
Reminder: The $900 SOL price is no joke. It will happen.
Here are Smart Contracter’s successful BTC and altcoin predictions
cryptocoin.com As we reported earlier, Smart Contracter has known $3,200 in Bitcoin, the 2020 rally, the big Bitcoin crash of 2020, and more. In addition, the analyst correctly predicted shorter-term price movements over the past few months. Smart Contracter recently stated that Bitcoin will find its accumulation range and pull back towards $23,000, forcing a general altcoin market correction.
The master analyst was also right in this prediction and foreshadowed the altcoin bleeding. Stating that he expects an altcoin meltdown in the second week of February, the analyst was also right in this prediction. In addition, the analyst correctly predicted that Ethereum would drop to around $1,600 in the last days of March. The analyst correctly predicted the final pullback of Bitcoin (BTC) and Ethereum in September 2021. For this reason, investors are watching the analyst’s forecasts closely.
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