Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
October 28, 2022

Crypto Trader Predicts 80% Surge for Ethereum-Based Altcoin, Says One Dogecoin (DOGE) Chart Is ‘Crazy Bullish’

By Daily Hodl Staff

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).

ADVERTISEMENT

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.”

ADVERTISEMENT
Source: SmartContracter/Twitter

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.”

ADVERTISEMENT
Source: SmartContracter/Twitter

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.”

Source: SmartContracter/Twitter

Aave is trading at $83.65 at time of writing.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
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 losses 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.

Generated Image: DALLE-2