Trader SmartContracter predicts bullish scenarios for Binance Coin (BNB) and Ethereum (ETH) and at the same time says that the Exchange Utility Token FTX (FTT) has bottomed out.
Starting with Binance Coin, the analyst says that Binance Smart Chain’s native token is only a few percentage points away from hitting an all-time high on the Bitcoin (BTC) chart.
Binance Coin is also heading for a new record high against the US dollar, emphasized SmartContracter.
“BNB / BTC is only down 4% from its all-time high, and the BNB / USD pair is not too far off either.
The point is when, not if. ”
The source: SmartContracter / Twitter
In the case of Ethereum, smart contracter says that in the ETH / BTC pair, the second largest cryptocurrency by market capitalization has broken out.
The source: SmartContracter / Twitter
According to the analyst, the breakout on the ETH / BTC chart is also a bullish signal for the ETH / USD pair.
“When the ETH / USD pair hits an all-time high, you’ll all look back and think, ‘Hell, maybe the ETH / BTC breakout anticipated that’.”
In the case of the Exchange Utility Token FTX, SmartContracter says that the FTT could continue to rise after the bottom – and form around a strong support.
“A friendly reminder that a potential FTT floor will form in 5 days. I don’t think it will stay here long before it starts to rise again. ”
The source: SmartContracter / Twitter
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