A closely followed crypto trader is predicting new all-time highs for Ethereum competitor Solana (SOL) and exchange token FTT and says one meme coin is in the midst of a breakout.
The pseudonymous trader, known as Smart Contracter, tells his 158,800 followers that even though SOL has just reached a fresh all-time high, the blazing altcoin is possibly nowhere near finished.
According to the crypto strategist, a 130% gain for Solana from its current price of $65.15 isn’t unreasonable. Using Elliott Wave, which predicts price movements based on crowd psychology that tends to manifest in waves, Smart Contracter comes up with an estimate of a $150 price tag for Solana after five waves.
“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”
The trader also applies Elliott Wave theory to FTT, the reserve currency on crypto exchange FTX. According to him, FTT has completed four out of its five-wave uptrend. The crypto analyst now predicts that FTT is poised for one more spike to about $60.
“Wave four done on FTT in my opinion. Clean ABC, perfect wave equality with the prior wave two. Capitulation volume in the C leg down.
New highs from here.”
Smart Contracter also says that the “meme economy is strong right now,” so he’s got his eye on Dogecoin and copycat Shiba-Inu (SHIB). Since DOGE is enjoying some strength in recent weeks, the trader says SHIB is likely to follow suit.
“There’s the SHIB breakout.”
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Featured Image: Shutterstock/Monika chakma
A intently adopted crypto dealer is predicting new all-time highs for Ethereum competitor Solana (SOL) and change token FTT and says one meme coin is within the midst of a breakout.
The pseudonymous dealer, referred to as Good Contracter, tells his 158,800 followers that despite the fact that SOL has simply reached a contemporary all-time excessive, the blazing altcoin is probably nowhere close to completed.
In response to the crypto strategist, a 130% acquire for Solana from its present value of $65.15 isn’t unreasonable. Utilizing Elliott Wave, which predicts value actions based mostly on crowd psychology that tends to manifest in waves, Good Contracter comes up with an estimate of a $150 price ticket for Solana after 5 waves.
“This SOL ath [all-time high] breakout is trying like a monster wave three within the making. $150 is just not unreasonable in my view.”
The dealer additionally applies Elliott Wave principle to FTT, the reserve forex on crypto change FTX. In response to him, FTT has accomplished 4 out of its five-wave uptrend. The crypto analyst now predicts that FTT is poised for yet one more spike to about $60.
“Wave 4 achieved on FTT in my view. Clear ABC, good wave equality with the prior wave two. Capitulation quantity within the C leg down.
New highs from right here.”
Good Contracter additionally says that the “meme financial system is powerful proper now,” so he’s bought his eye on Dogecoin and copycat Shiba-Inu (SHIB). Since DOGE is having fun with some energy in current weeks, the dealer says SHIB is more likely to observe swimsuit.
“There’s the SHIB breakout.”
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Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/Monika chakma
