Smart Contracter Predicts Dogecoin Rally To $1.00, Warns Not Sleep On BNB
Smart Contracter, a top cryptocurrency analyst and and trader predicts a huge rally for Dogecoin (DOGE), and also notes that there is still time to get onboard BNB.
Dogecoin (DOGE)
Smart Contracter shared with his 176.9K followers on Twitter followers that he sees Dogecoin launching a big rally to $1.00, which would be a 270% surge from its current price of $0.27.
“There’s no way Elon is gonna let another meme coin overtake his baby DOGE.
DOGE to $1.”
there's no fucking way elon is gonna let another meme coin overtake his baby $doge.
Looking at Smart Contracter’s chart, DOGE has formed a double bottom pattern, which is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
Binance Coin (BNB)
The trader is also looking into Binance Coin, the native token of global crypto exchange Binance.
“BNB breaking out now. Don’t sleep on this bad boy. ATH (all-time high) is looking likely now.”
Looking at the above chart, BNB has broken out of an inverse head and shoulders pattern. A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The analyst is also looking at Binance Coin against Bitcoin (BNB/BTC), which he says has carved a bottom after printing a bullish swing failure pattern (SFP).
The failure swing pattern is a type of reversal pattern that can be used as buy or sell signals. In an uptrend, we see a series of successive higher highs and higher lows but there comes a point when the price fails to make a new high.
Looking at the analyst’s chart, the BNB/BTC is ready for a rally to a new all-time high at 0.014 BTC.
