A popular crypto analyst shared his current views on the market. He made detailed predictions for 4 altcoins on the analyst radar.
Known in the crypto markets as Smart Contractor, the analyst told 220,200 Twitter followers that DOGE, the biggest meme coin, is now showing strength against Bitcoin (BTC). told. According to Smart Contractor’s DOGE/BTC chart on the three-day timeframe, Dogecoin appears to form an inverted head and shoulders pattern in 2022. The crypto analyst thinks that few people realize that DOGE has risen above an important trendline.
“Extended DOGE/BTC chart. This thing literally makes a great low and nobody cares.”
In addition, the trader, who examined the service token of the Mask Network (MASK) network, which increases privacy for social media platforms, predicts a rise for the altcoin. The analyst, who regularly uses the Elliott Wave theory in his technical analysis, predicts, based on his chart, that the altcoin price could rise more than 50% from current levels.
“MASK is ready for the next step.”
NEWS CONTINUES BELOW
The other altcoin on Trader’s radar is Curve DAO (CRV). The analyst says that the CRV has formed a reaccumulation triangle in the dollar and Bitcoin trading pairs, which signals a bullish trend.
“Nice contraction on the timeframe in the four-hour timeframe in the dollar trading pair and the Bitcoin trading pair. I like a good reaccumulation triangle.”
The fourth altcoin followed by Trader is The Graph (GRT). The trader says that GRT may have completed a corrective wave and is now able to resume the main uptrend. According to Elliott Wave theory, the main trend consists of a five-wave pattern, while a correction occurs in a three-wave pattern, sometimes called the ABC wave.
nice 20% bottom ten $GRT looking like an abc on hourly.
id be super surprised if its actually topped after a daily like we just had.
Stop placement is kinda hard tho with it basically being parabolic, still expecting higher. pic.twitter.com/NqCseUUGxQ
— Bluntz (@SmartContracter) February 8, 2023
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