A prominent analyst says he is closely monitoring three altcoins that he believes will set off epic rallies.
The person known in the industry as a smart contracter told his 184,300 followers that he remains bullish on the Avalanche (AVAX) smart contract platform, even after it nearly doubled in value in just a month.
“If AVAX moves towards SOL, there will still be a lot of gas in the tank.”
The source: Smart Contracter / Twitter
Looking at the analyst’s chart, a move toward the $ 280 target suggests AVAX has the potential to rise more than 110% from its current price of $ 133.
Another altcoin on smart contracter’s radar is Cosmos (ATOM), the project that claims to be the “Internet of Blockchains”. According to the crypto strategist, ATOM’s current market structure is reminiscent of AVAX’s price movement before its parabolic surge.
“Structurally, ATOM reminds me of AVAX before it exploded.”
The source: Smart Contracter / Twitter
At the time of writing, ATOM is trading at $ 32. Movement towards the analyst target at $ 100 suggests that the altcoin could triple its value.
The analyst also notes that the ETH / BTC pair is consolidating within a large bullish flag pattern and will soon break out.
“The ETH / BTC consolidation is like the ETH / USD pair in 2017.”
The source: Smart Contracter / Twitter
If the pair follows the analyst’s scenario, a move above the resistance line of the triangle at 0.076 BTC ($ 4.473) could trigger an epic rally for ETH / BTC.
You can see the AVAX price Here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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