dailyhodl.com
A popular crypto strategist and trader expects Dogecoin (DOGE) to pull off a massive rally and warns traders not to sleep on Binance Coin (BNB).
Pseudonymous analyst Smart Contracter tells his 176,700 Twitter followers that he sees Dogecoin launching a strong surge to $1.00, marking potential gains of over 270% from its current value of $0.27.
“There’s no f***ing way Elon [Musk] is gonna let another meme coin overtake his baby DOGE. DOGE to $1.”
According to the trader’s chart, DOGE has formed a double bottom pattern, indicating a possible reversal in trend.
The crypto analyst is also keeping an eye on Binance Coin, the utility token of global crypto exchange Binance.
“BNB breaking out now. Don’t sleep on this bad boy. ATH (all-time high) is looking likely now.”
According to the trader’s chart, BNB has broken out of an inverse head and shoulders pattern, a reversal formation that signals the start of an uptrend.
Smart Contracter is also looking at Binance Coin against Bitcoin (BNB/BTC), which he predicts has carved a bottom after printing a bullish swing failure pattern (SFP).
A swing failure pattern is a reversal formation indicating the inability of sellers to push prices to a new low. According to Smart Contracter’s chart, the BNB/BTC chart is primed for a rally to a new all-time high at 0.014 BTC, worth $859 at time of writing.