Market

According to KOL Smart Contracter, ETH and AAVE will break out heavily in the near future

A popular analyst predicts a strong uptrend for Ethereum and Aave.

Known in the industry by the smart contracter nickname, the person told his 176,000 Twitter followers that the ETH / BTC pair will continue to move up after breaking over a large head-shoulders-head-shoulders (IHS) pattern is.

“ETH / BTC has broken out over the three-year IHS pattern. It may have been a little boring the last few months, but make no mistake about it. It accumulates in a big upward trend. ”

An inverse head and shoulders pattern is a bullish pattern that marks the beginning of a new uptrend. According to the smart contracter chart, ETH / BTC is currently consolidating in a continuation pattern and can go up to 0.12 BTC, valued at $ 7,287 at press time.

The source: Smart Contracter / Twitter

Looking at the leading smart contract platform’s USD pair, the analyst said that ETH is currently on track to hit USD 5,000 after breaking a descending resistance line.

“I think the ETH will break out soon and meet a new ATH.”

The source: Smart Contracter / Twitter

Next up is the Aave Credit Protocol (AAVE), which the analyst believes will spark an epic rally after hitting higher bottom in an uptrend.

“Aave has made a higher ground here. With blue chips moving like CRV, I’m assuming other blue chips have hit rock bottom too. [Mùa DeFi] is approaching and Aave is one of my favorite coins. ”

The source: Smart Contracter / Twitter

The analyst uses Elliott Wave Theory, a technical analysis method that predicts future price movements by tracking the sentiment of market participants across each wave. According to the smart contracter’s chart, AAVE can rebound near $ 900 before concluding its five-wave bullish impulse.

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SN_Nour

According to Dailyhodl

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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