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A popular cryptocurrency analyst and trader has expressed bullish sentiment on two specific altcoins as the digital asset market begins to show signs of bullishness.
Shiba Inu (SHIB), Pseudonym Analyst Smart Contract To tell His 213,500 Twitter followers say that all of the Meme Coin bullish trading ideas published earlier this week are going according to plan.
Late last month, Smart Contracter predicted that Shiba Inu would congregate to follow in the footsteps of the then-surging major meme coin Dogecoin (DOGE).
“Btw, if you miss DOGE, you still have the chance to jump into SHIB with all the other ret***s you buy thinking you missed DOGE.”
Looking at the charts, analysts seem to expect SHIB to significantly outperform Bitcoin, similar to Dogecoin in recent weeks.
Shiba Inu, an altcoin built on the Ethereum (ETH) blockchain, is trading at $0.0000125 at the time of writing, up more than 16% over the past seven days.
Decentralized Finance (DeFi) Altcoin Curve DAO (CRV) Turns to Smart Contracter To tell The 84th largest crypto asset by market capitalization is on the brink of a breakout after forming a reversal pattern on the daily chart.
“Beautiful reverse head and shoulders setup within CRV’s multi-month downtrend break.”
Looking at the chart, traders appear to be targeting CRV at $1.62, suggesting that the Ethereum-based token could rise nearly 60%.
CRV is trading at $1.02 at the time of writing, gaining 10.50% over the past 24 hours.
In June 2018, when Bitcoin was trading above $6,000, Smart Contracter predicted Flagship crypto bottoms out at just $3,200, give or take $200. Six months later, Bitcoin bottomed out at around $3,150.
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Featured Image: Shutterstock/Alexandra Bataeva
