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Top Analyst Unveils Bullish Targets for Ethereum and 3 DeFi Altcoins

Analytics

dailyhodl.com 05 May 2021 09:41, UTC
  
Reading time: ~2 m

Widely-followed crypto trader and analyst Smart Contracter is calling for big rallies in three DeFi coins, and remains bullish on Ethereum despite its recent gains.

The analyst says that Ethereum has officially given traders the “God candle,” with its 71.1% rally in seven days.

When it comes to ETH/BTC, Smart Contracter says now is not the time to be selling.

“We’ve been waiting for this ETH/BTC IHS breakout for 3 f****ng years lol. if you are even contemplating selling now, after it’s only been broken out for a few weeks you need to go back to the drawing board and rethink everything you know.”


Source: Smart Contracter/Twitter

Besides Ethereum, the popular crypto strategist also has his eye on three coins in the decentralized finance (DeFi) space.

The first one is Ethereum-based automated market maker (AMM) Balancer (BAL). Against BTC, Smart Contracter sees BAL racing towards its all-time highs for potential 145% gains.

BAL/BTC is literally breaking out of a 111 day ascending triangle.

defi season is back baby, this thing’s gonna rip so hard in my opinion.”


Source: Smart Contracter/Twitter

Next, the trader is watching DeFi aggregator Yearn.Finance (YFI). According to him, YFI/BTC is one of the juiciest opportunities out there.

“YFI is gonna go full chad in the next few days in my opinion, the BTC pair is one of the most primed things I’ve seen in a while.”


Source: Smart Contracter/Twitter

The third altcoin Smart Contracter is watching is Chainlink (LINK). From his perspective, LINK/USD is about to shatter all-time highs, while LINK/BTC is looking stronger than ever.

“LINK/BTC slowly chugging along and still looking insanely bullish.

LINK/USD ATH feels like its just around the corner.”


Source: Smart Contracter/Twitter


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