Justin Bennett Super Bullish on VET, Draws Key Levels For BTC, ETH & LINK

Justin Bennett, a crypto analyst and trader predicts the path for the decentralized supply chain management platform VeChain (VET), smart contract blockchain Ethereum (ETH), oracle protocol Chainlink (LINK) and Bitcoin (BTC).

VeChain (VET) Gain 16x Early 2022?

Looking at VeChain’s price history, the analyst says that VET may have hit a bottom as he draws a bullish path that – if it plays out – would see the coin going up by 1,664% by the start of 2022.

“What if? VET. This is obviously highly speculative and mostly just for fun. We all know markets don’t repeat exactly. But it’s an intriguing thought nonetheless, especially with so many 100% convinced that the bull market is over. Time will be the judge.“

What if? $VET https://t.co/v8VOQ9sc3a pic.twitter.com/BZrsw812SV

— Justin Bennett (@JustinBennettFX) July 27, 2021

Ethereum Should Break Resistance in Two Key Levels

Bennett says he’s closely following Ethereum to see if it can break through two areas of resistance – the first at $2,354 and the second at $2,612.

If Ethereum retraces, there are areas of support at $1,996 and $1,863, according to the trader.

“When you combine levels this clean with the daily close as confirmation, trading becomes effortless.”

$ETH one step at a time. ?

When you combine levels this clean with the daily close as confirmation, trading becomes effortless. #Ethereum pic.twitter.com/yrmZ9tz8gH

— Justin Bennett (@JustinBennettFX) July 27, 2021

Chainlink to Face Resistance at $20.15

As for LINK, Bennett is watching out for resistance at around $20.15 and $26.55. On the downside, Bennett sees $15 as support.

“Starting to add to my LINK long here. Will add more at $17.80 if it comes. First entry just above $15 last week.”

Starting to add to my $LINK long here. Will add more at $17.80 if it comes.

First entry just above $15 last week. ? https://t.co/W0CgA4GU2A

— Justin Bennett (@JustinBennettFX) July 26, 2021

Bitcoin Need to Clear $40,600

Bitcoin will face a tough battle at $40,600 and then $46,858, says Bennett. Overall, he’s bullish on the largest crypto asset.

“This is either the start of the second leg of the bull market or a relief rally at the beginning of a bear market. There is no middle ground. I’m still leaning toward the former, but I’m also relying on the chart to tell the story, as always.”

$BTC working on its next breakout above $36,500.

Monday appears to have closed above it. Today's close should offer more clues. #Bitcoin https://t.co/CQSdcKyHDH pic.twitter.com/WLEKUqMqOm

— Justin Bennett (@JustinBennettFX) July 27, 2021

Bitcoin is currently trading at $40,095, with 22% gains on a weekly chart.