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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