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Strategist says DOGE is ready to achieve a new ATH and don’t forget BNB

The popular strategist Smart Contracter is expecting a big rally from Dogecoin (DOGE) and is warning traders to forget about Binance Coin (BNB).

He believes Dogecoin is rising sharply towards $ 1, representing a potential gain of over 270% from its current value of $ 0.27.

“There was no way Elon Musk would allow any other coin meme to outperform his DOGE darling. DOGE goes for $ 1. ”

The source: Smart Contracter / Twitter

As per the graphic above, DOGE has formed a double floor pattern, indicating a possible trend reversal.

The analyst is also keeping an eye on Binance Coin, the utility token of the Binance global exchange.

“BNB explodes. Do not forget. ATH will probably come. ”

The source: Smart Contracter / Twitter

Looking at the chart, the BNB has broken out via an inverse head and shoulders pattern, a reversal pattern that signals the start of an uptrend.

The trader is also looking at the BNB / BTC pair, which he believes has bottomed out after forming a bullish negative divergence pattern (SFP).

The source: Smart Contracter / Twitter

A negative swing failure pattern is an inversion pattern that shows the inability of sellers to push prices to new lows. According to the graph, BNB / BTC is preparing to rally to a new all-time high of 0.014 BTC, which is worth $ 859 at press time.

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Annie

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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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