A popular crypto trader and analyst says three crypto assets are primed to accelerate toward new all-time highs.
Pseudonymous analyst Smart Contracter is preparing for Bitcoin (BTC), scalable blockchain network Solana (SOL) and decentralized exchange SushiSwap (SUSHI) to break out in the short term.
Smart Contracter tells his 137,000 followers that while some are calling for a Bitcoin retest of the $40,000 level, he’s ready for the flagship crypto to make a move up to $75,000 before the end of May.
“Really not much has changed for BTC, looking like a smaller flat within a larger flat, new all-time highs are on the way.
$40,000 callers are just straight up coping at this stage.”
Bitcoin has taken a hit on the daily time frame, revisiting $54,000, however, it still appears to be holding the channel Smart Contracter illustrated.
The trader also shares that he is long on Solana, noting that the asset looks good in its Bitcoin (SOL/BTC) and USD pairs.
“Solid daily Swing Failure Patterns on both SOL/USD and SOL/BTC pairs. SOL probs going to make a new All time high from here. [I] am long.”
solid daily SFPs on both solusd and solbtc pairs.$sol probs going to make a new All time high from here.
am long 🐂 pic.twitter.com/1QU05fVkIV
— Bluntz (@SmartContracter) May 11, 2021
SOL is down 3% on the day, trading at around $42 at time of writing.
As for the Uniswap (UNI) competitor SushiSwap, Smart Contracter believes the asset is set to reverse trends in its USD pair and gun for a new peak.
“SUSHI macro downtrend breaking, we’re going to gun for new all-time highs from here in my opinion.”
Smart Contracter says that SUSHI may be preparing to increase by over 200% within the next two months as decentralized finance (DeFi) assets eye a fresh breakout.
“The more I look at it, $50 SUSHI is not out of the question in my opinion, looking at this chart.
One of THE most bullish DeFi ones out there.”
Last weekend, Smart Contracter also called for a Chainlink (LINK) breakout against Bitcoin (LINK/BTC) as LINK consolidates at around 0.000843 satoshis.
“Another LINK breakout imminent.”
This week the trader doubled down on his LINK bet, noting that it has the “most enticing” large cap chart on the four-hour timeframe.
“The most enticing looking major to me right now is LINK.
That 4h wick is something else.”
the most enticing looking major to me right now is $link.
that 4h wick is something else pic.twitter.com/irtvVl1SR4
— Bluntz (@SmartContracter) May 10, 2021
LINK is down with the market, trading at around $45.10, at time of writing.
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Featured Image: Shutterstock/Jurik Peter