A widely followed analyst is expressing bullish sentiment for Dogecoin (DOGE) an Ethereum (ETH)-based decentralized finance (DeFi) protocol amid a bounce in crypto asset prices.
The pseudonymous crypto analyst known as Smart Contracter tells his 211,800 Twitter followers that Dogecoin is looking “crazy bullish” when paired with Bitcoin (BTC).
[adinserter block="1"]Smart Contracter says that Dogecoin on the Bitcoin chart has displayed an inverted head and shoulders (IHS) pattern for nearly a year.
“Contemplating simply putting the rest of my Bitcoin into Dogecoin for the next few months at least.
This DOGE/BTC chart most crazy bullish thing I’ve seen in a long time.
Almost a year-long IHS breakout that barely any people are even talking about.”
Dogecoin is trading at $0.075 at time of writing.
Earlier this week, Smart Contracter said that Dogecoin is close to breaking out to the upside on the Bitcoin chart.
“DOGE/BTC so close to breaking a 12-month+ inverse head and shoulder [pattern], having tested this trend line five times already.
When it eventually goes, I don’t think it will come back and give people another chance to get in.
It’s One of The best looking altcoin/Bitcoin charts out there in my opinion.”
The crypto analyst and trader next looks at DeFi protocol, Aave (AAVE). According to Smart Contracter, Aave could explode by over 78% from current levels in under eight weeks.
“I’m stalking AAVE for an entry in the next day or two if I can snag some sub $76.
I think it has put in a significant higher low on [the] daily [time frame] and will head to $150+ in the coming month or two.”
Aave is trading at $83.65 at time of writing.
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