Famous analyst Smart Contracter, to whom we have previously quoted many successful predictions as Kriptokoin.com, stated that these 2 altcoin projects may take flight soon in his statements on Twitter! Here are the details…
A critical statement came from the analyst: “I have no chance to miss the Ethereum rally!”
Popular crypto analyst Smart Contracter, who was successful in his bottom level predictions for Bitcoin (BTC) in 2018, shared with his 240 thousand followers on Twitter for 2 altcoin projects that may rise in the near future. The analyst stated that the long-lasting corrections for Ethereum will come to an end and it looks ready to rise.
“ETH/BTC just hit a six-month low, just 3 percent lower before my main buy zone.
Not under the circumstances I expected this to happen (I thought ETH and BTC would drop but I thought ETH would drop more) but I can’t miss the upcoming big ETH rally.”
Noting his chart in his analysis, the cryptocurrency analyst stated that ETH/BTC is in a downward correction. Therefore, it indicates that it is about to touch the critical 0.618 Fibonacci retracement support, which traders see as a possible point for a bounce.
Popular analyst Smart Contracter’s strong interest in Ethereum came as crypto analytics platform Santiment said sharks had amassed 3.61 million ETH last year, worth $6.13 billion.
However, whales have emptied almost twice this amount into the market.
“Large Ethereum addresses have significantly changed their holding supply. Addresses holding 10-10,000 ETH collectively added 3.61 million coins last year, while addresses holding 10,000-10,000,000 ETH collectively dumped 9.43 million coins into the market in the same time frame.”
Leading altcoin project Ethereum is instantly traded at $1,787.
Analyst: “I think it is one of the few altcoin projects that will perform very well”
On the other hand, crypto analyst Optimism (OP) also predicts bullishness. In his statements for the OP, the analyst said, “The bullish daily broadened for the OP against the USD, BTC and ETH pairs. I think it looks like one of the altcoins that will perform very well.” in his words.
Using Elliott Wave theory, an advanced method of technical analysis that predicts future price action based on crowd psychology, which tends to manifest in waves, Smart Contracter says that a correction for Optimism is at the bottom and sets the stage for a move up.
Instantly, the popular altcoin Optimism (OP) is trading at $2.57.
The analyst had been right in his previous predictions!
Smart Contracter, which has made many cryptocurrency predictions, and most of them were right, uses the Elliott Wave theory, an advanced technical analysis approach that tries to predict future price action by following the crowd psychology that tends to manifest in waves. According to the theory, a pullback of an uptrend asset is expected after completing a five-wave surge. On the other hand, the name, which draws attention with its Bitcoin bottom level predictions in 2018, stated that the leading cryptocurrency Bitcoin (BTC) will approach the level of 30 thousand dollars after the correction. At the moment, Bitcoin price is hovering above the $27,000 level.
