in

Solana Set for New All-Time High While Ethereum Still Has Juice in the Tank – Crypto Analyst


A popular cryptocurrency expert and trader is detailing the course forward for wise agreement platforms Solana (SOL) and Ethereum (ETH).

The cryptocurrency expert pseudonymously referred to as Smart Contracter tells his 173,800 Twitter fans that SOL is set to rise to a brand-new record high after a duration of build-up.

 

“Sol ATH [all-time high] quickly confidential. This re build-up won’t last permanently.”

Solana, the fifth-largest cryptocurrency by market cap, is trading at $158 sometimes of composing, according to CoinGecko.

Previously today, Smart Contracter forecasted that Solana might rise by over 100% versus the United States dollar (SOL/USD) and Bitcoin (SOL/BTC) after ending wave 4 of its five-wave uptrend.

“[Wave] 4 low extremely near to being put in on SOL/BTC in my viewpoint. The very same short on the USD set currently put in and simply in some HTF [high timeframe] re-accumulation. The next relocation higher will be >100% [in my opinion].”

Source: Smart Contracter/Twitter

Smart Agreement utilizes the Elliott Wave theory, a technical analysis method that forecasts future cost action by following crowd psychology that tends to manifest in waves. According to the theory, Wave 4 is the last restorative stage prior to the possession introduces the last wave of its cycle.

When it comes to ETH, Smart Contracter says that the leading wise agreement platform hasn’t run out of steam yet after securing its diagonal resistance at $3,500.

“Strong relocation. I believe there’s still some juice in the tank.”

Image
Source: Smart Contracter/Twitter

Ethereum is trading at $3,785 sometimes of trading, according to CoinGecko.

The crypto expert is likewise keeping a close eye on Ethereum in its Bitcoin set (ETH/BTC). According to Smart Contracter, ETH/BTC is presently preparing for a transfer to 0.12 BTC ($7,355), representing an upside capacity of almost 100% from its existing worth of 0.062 BTC, worth $3,800.

“There [are] individuals out there that in fact believe ETH/BTC looks bearish.”

Image
Source: Smart Contracter/Twitter

Do Not Miss a Beat – Register for get crypto e-mail notifies provided straight to your inbox

Follow us on Twitter, Facebook and Telegram

Browse The Daily Hodl Mix
 

Inspect Newest News Headings

Disclaimer: Viewpoints revealed at The Daily Hodl are not financial investment suggestions. Financiers ought to do their due diligence prior to making any high-risk financial investments in Bitcoin, cryptocurrency or digital possessions. Please be encouraged that your transfers and trades are at your own danger, and any loses you might sustain are your obligation. The Daily Hodl does not suggest the purchasing or selling of any cryptocurrencies or digital possessions, nor is The Daily Hodl a financial investment consultant. Please keep in mind that The Daily Hodl takes part in affiliate marketing.

Included Image: Shutterstock/Tatiana Gavrish





Source link

What do you think?

Written by Crypto Press

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

    Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury

    Pandora Papers Reveal Bitcoiners – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides