News
ByAuthor J.D. SmithPosted on
57
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Trader Who Called Last Week’s Altcoin Meltdown Is Now Bullish on Two Crypto Assets

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A trader who accurately called the altcoin meltdown last week is looking at two crypto assets that he says could see serious gains in the coming weeks.

The pseudonymous trader Smart Contracter says he’s keeping a close watch on REN as he’s bullish on both the USD and the BTC pairs.

The trader believes that REN/USD is done correcting and it is now gearing up for a new all-time high above $1.20.

“Last dip before the moon, load up, you’ve been warned.”

Source: Smart Contracter/Twitter

As for the REN/BTC pair, Smart Contracter believes that it is ready to ignite the next leg up and potentially generate returns of 130%.

“I think REN/BTC might be finally fucking ready. Clear impulsive 5 waves up on daily, ABC down, perfect 0.618 tap.”

Source: Smart Contracter/Twitter

The popular crypto analyst relies on the Elliott Wave theory, a technical analysis technique suggesting that the behavior of market participants can manifest in recurring waves.

The trader is watching SushiSwap (SUSHI) as well as he believes a new all-time high will lead to further gains.

“Oof what a daily candle, new ath achieved already. $25 looks like a given now.”

Source: Smart Contracter/Twitter

The trader is also keeping tabs on SUSHI/BTC. In a new Nugget’s News with Alex Saunders, Smart Contracter says the pair has more gas left in the tank even after its ascent of over 344% this year.

“If we were going to assume a wave four is in, like SUSHI, for instance, I think we’re going to move to a new high here and put in a final high. We go another five waves up to a new high and then we have a massive big fucking, bullshit sessions.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Daily cryptocurrency market performance. Source: Coin360

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