Trader Who Called 2018 Bear Market Bottom Says Huge Ethereum (ETH) Reversal Coming As Long Term Opportunity Arises

A popular cryptocurrency trader known for accurately predicting the bottom of the 2018 Bitcoin (BTC) bear market has said a major Ethereum (ETH) price reversal is imminent.

Pseudonym Cryptographic Analyst Smart Contracter To tell His 211,400 Twitter followers say ETH currently presents a clear buying opportunity as it repeatedly honors the 200-week moving average.

According to analysts, ETH is currently targeting the $2,400 level, which is 80% higher than its current price.

“Long-term buying opponents have certainly emerged. ETH is based on 200wma and is now 5 weeks. When this weekly high clears and starts rising again, there is no excuse as to why you missed it. $2,400 is next in my opinion. “

sauce: Smart contract/Twitter

At the time of writing, Ethereum is trading at $1,337.

smart contract too strong All about altcoins. He said the FTX altcoin index is printing a bullish hammer pattern and forming a large falling wedge. This is a traditionally bullish pattern.

“Alts are looking at GTG right now ftx altcoin index has a huge hammer with a crazy butt core from 0.618 and the overall structure is also a falling wedge begging for collapse It looks like I think it’s time to shoot your shot.

Source: Smart Contract/Twitter

Smart Contracter believes the market is poised to go higher, but fellow analyst Capo told his 559,600 Twitter followers that a brief bailout rally is on the way before another sizeable downturn unfolds. says it’s in progress. According to Capo, Bitcoin is poised to rise to around $21,000 before he falls sharply to $14,000.

“Price action looks bullish. Heatmap looks bullish…

All I see is a lot of shorts that should be squeezed. Short support is not recommended. Send to $21,000. ”

Source: Capo/Twitter

Earlier this month, Smart Contracter predicted a surge in the price of Dogecoin (DOGE), saying the major memecoin was poised to rise after the Bitcoin pair (DOGE/BTC)’s “insane” accumulation. .

“DOGE/BTC continues to accumulate the most insane looking high timeframes. will be.”

Source: SmartContracter/Twitter

As of this writing, DOGE is trading at $0.059.

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