en
Back to the list

Crypto Analyst Says Avalanche Rally Still Has Gas in the Tank, Predicts Epic Surge for Additional Large-Cap Altcoin

source-logo  dailyhodl.com 23 November 2021 09:51, UTC

A popular crypto analyst and trader says he’s keeping a close watch on two altcoins which he says have the potential to ignite epic rallies.

Pseudonymous trader Smart Contracter tells his 184,300 followers that he’s still bullish on smart contract platform Avalanche (AVAX) even after the Ethereum (ETH) rival nearly doubled its value in just one month.

“If the Solana run is anything to go by, then AVAX should have plenty of gas left in the tank.”

At time of writing, ATOM is trading at $32. A move to Smart Contracter’s target at $100 suggests that the coin can potentially more than triple its value.

The crypto trader is also looking at trading Ethereum against Bitcoin (ETH/BTC), which he notes is coiling and gearing up to break out from a massive bull pennant formation.

“This ETH/BTC consolidation has 2017 ETH/USD vibes all over it.”

Source: Smart Contracter/Twitter

Should the pair follow the trader’s script, a move above its diagonal resistance at 0.076 BTC ($4,473) could trigger an epic rally for ETH/BTC.

dailyhodl.com