Smart Contracter Calls Bullish Moves For Fantom (FTM) And Aave (AAVE)

According to a prominent crypto analyst and trader, known as Smart Contracter, Fantom (FTM) and DeFi platform Aave (AAVE) look very bullish.

Fantom (FTM)

Smart Contracter shared with his 202K followers on Twitter that crypto assets in the Fantom ecosystem are making big moves at the moment.

“It’s Fantomszn (Fantom season) as far as I’m concerned, literally every coin on Fantom is turbo sending right now.”

its fantomszn as far as im concerned, literally every coin on ftm is turbo sending right now

— Bluntz (@Bluntz_Capital) January 12, 2022

Fantom is a directed acyclic graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

At the time of writing, FTM is trading at $3.03 up 5.6% on the daily chart.

Aave (AAVE)

Another altcoin on Smart Contracter’s radar is the native token of DeFi platform Aave (AAVE). The analyst believs that AAVE has hit bottom and projects that 2022 will be a better year than 2021 for DeFi assets.

“Strongly believe a major low is in for AAVE. 2021 was tough for DeFi as a whole but I think 2022 is going to be round two.”

strongly believe a major low is in for $aave, 2021 was tough for defi as a whole but i think 2022 is going to be a round #2 pic.twitter.com/iqfkRSng5v

— Bluntz (@Bluntz_Capital) January 12, 2022

The analyst relies on Elliott Wave Theory, and according to the chart AAVE has completed the dominant five-wave pattern heading upwards and the three-wave corrective pattern heading downwards. AAVE is now set to continue with the dominant trend against USD.

At the time of writing, AAVE is trading at $211, down 3.5% on the daily chart.