Crypto Dog Bullish on Three Altcoins, Says ETH To Enter Consolidation

A prominent cryptocurrency analyst and trader, known as The Crypto Dog is predicting more bullish moves for three altcoins: Elrond, PancakeSwap and Polygon. He also says Ethereum is likely to enter consolidation.

The Crypto Dog shares with his 572K followers that Elrond (EGLD), which is up from around $100 to $150 in the past couple of weeks, is likely to continue bullish moves.

EGLD might remain in an uptrend for days or weeks, according to the trader.

“EGLD setting up for a strong 3D after breaking out of consolidation. This could trend for days/weeks.”

Took an $egld position, hearing rumblings of their ecosystem bubbling, historically performed well, chart looks like bullish consolidation, bunch of things are ripping

Seemed like a good gamble pic.twitter.com/ND0cfjrPja
— The Crypto Dog ? (@TheCryptoDog) August 16, 2021

The Crypto Dog is also bullish on PancakeSwap (CAKE), the decentralized exchange platform based on Binance Smart Chain.

According to him, CAKE has been in an uptrend since late July and will likely continue its ascent, possibly hitting all-time highs in the near future.

“CAKE/USD has been in only up mode since late July. All time highs inbound?”

https://twitter.com/TheCryptoDog/status/1427439949628968962

The analyst also predicts the layer-2 scaling network Polygon (MATIC) to reach $2 level again.

“This looks like bullish consolidation on MATIC. They’re going to throw it back to $2+”

This looks like bullish consolidation on $MATIC. They're going to throw it back to $2+

Bullish on @PolygonHermez pickup – that was real slick pic.twitter.com/B6q5pr2xMw
— The Crypto Dog ? (@TheCryptoDog) August 17, 2021

Regarding smart contract platform Ethereum, the analyst predicts that the second largest crypto asset is likely entering a consolidation phase as it trades around the $3,000-$3,200 region.