A high-profile crypto strategist and trader is keeping a close watch on five crypto assets that he believes are gearing up to blast off into the stratosphere.
In a new tweet, the trader known as Smart Contracter tells his 136,500 followers that Bitcoin (BTC) is almost ready to break out of its three-month consolidation above $50,000 en route to a new all-time high.
“BTC breakout activated. $80,000 next.”
Also on the trader’s watchlist is Ethereum (ETH). He thinks the ETH/BTC pair has more gas left in the tank despite its 133% surge from 0.03 in late March to its recent high of 0.073. Although the pair has pulled back since, Smart Contracter says he thinks ETH/BTC can climb as high as 0.01, which represents potential gains of over 44% from its current price of 0.69.
“Every time I see a post about ETH profit-taking here, I resist a compelling urge to comment ‘not gonna make it.’ Look at ETH/BTC lol. It’s in the middle of nowhere. Why on earth would anyone consider taking profit here? It’s literally just thin air until 0.08 minimum.”
The third coin on Smart Contracter’s list is Ripple’s native asset XRP, which he says is about the break its diagonal resistance and ignite a huge 100% rally to $2.75 from its current value of $1.37.
“The standard is about to do something retarded I can feel it.”
Chainlink (LINK) is on the trader’s radar as well. Smart Contracter predicts that the decentralized oracle network will more than double its current price of $45 in about two months.
“LINK $100 in <60 days.”
Looking at LINK/BTC, the crypto analyst says it’s only a matter of time before the pair breaks out of consolidation and climb as high as 0.00115.
“Another LINK breakout imminent.”
The last coin is decentralized exchange token 1inch. According to Smart Contracter, a move above $6.00 would catapult the crypto asset to a new all-time high of $13.00.
“Three-month accumulation on 1inch. This is gonna get sent so hard when it finally breaks out.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/IgorZh