An analyst who accurately predicted the Bitcoin (BTC) bottom in the second half of 2018 and is widely followed by the crypto community thanks to his accurate predictions, has revealed bullish prospects for Dogecoin and an altcoin.
Analyst Dogecoin (DOGE) bullish
The crypto analyst, using the alias Smart Contracter, has 206,200 Twitter followers after a slight correction and an increase in buying volume. Dogecoin (DOGE) He said he bought it.
Dogecoin according to Smart Contracter charts; It is now moving on an upward trajectory after breaking a downward trend line on the daily chart.
“I longed some Dogecoin on this pullback today after the strong breakout in volume yesterday. It’s been a long time since I owned a meme token, but here I am.”
Synapse (SYN) can yield more than 100% return
The analyst is also quite optimistic about Dogecoin (DOGE), a cross-chain protocol that enables assets to be transferred and exchanged between Ethereum (ETH) and other smart contract-enabled blockchains.
The trader states that Synapse, which has gained more than 50 percent in value against Ethereum in seven days, can provide more than 100 percent returns.
“SYN is now up 50 percent in a week and hasn’t even exploded yet. This is easily a multi-bag (coins that yield several times their cost).”
According to Smart Contracter, Synapse is in an uptrend after undergoing a three-wave correction based on Elliott Wave theory. Elliott Wave Theory states that the main trend follows a five-wave pattern, while a correction follows a three-wave pattern.
$syn now +50% in a week and hasnt even broken out yet, this could easily turn into a multi bagger https://t.co/8FxkK0Wb2j pic.twitter.com/htcQWwc3nQ
— Bluntz (@SmartContracter) April 5, 2022
Smart Contracter correctly predicted in June 2018 that the flagship cryptocurrency would bottom out at $3,200 with a margin of around $200 while Bitcoin was trading above $5,700.
Six months later, Bitcoin reached a low of $3,156, where it has yet to fall again.
At the time of writing, DOGE is down more than 4 percent at $0.14, while Synapse (SYN) is down 0.1 percent at $3.33.
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.