Smart Contracter Is Very Bullish On Two Major Digital Assets: ETH And BNB
According to a top crypto analyst and trader, known as Smart Contracter, two of the top 3 largest crypto assets by market cap Ethereum (ETH) and Binance Coin (BNB) are ripe for massive rallies.
Smart Contracter shared with his 180.5K followers on the social media platform Twitter that the number one smart contract platform Ethereum is going to break out against Bitcoin (ETH/BTC).
Looking at the analyst’s chart, the pair is forming a symmetrical wedge pattern which could lead to a rally to above 0.14 BTC, an all-time high level last seen during the final leg for the 2017 bull run.
At the time of writing Ethereum is trading at around $4,655, and Bitcoin at around $64,885.
End of October Smart Contracter pointed out the ETH to remains bullish against BTC after it broke out from a large inverse head and shoulders pattern (IHS).
“ETH/BTC is still huge IHS breakout after a three-year base. It may have been somewhat boring the last few months but make no mistake about it, this is re-accumulation in a monster uptrend.”
Binance Coin (BNB)
Looking into Binance Coin (BNB), the utility token of global crypto exchange Binance, the analyst says it is still on track to break a new all-time high (ATH) above $800.
“BNB still looks amazing, ATH still 100% on the table imo.”
Smart Contracter made a prediction back in June 2018, when Bitcoin was trading at over $5,500. He said that the flagship cryptocurrency would bottom out at around $3,200 (with few hundred dollar leeway both sides). He gained a lot of credibility when Bitcoin reached a low of around $3,150 six months later.
