A close-knit trader and analyst known in the industry as a smart contracter says three decentralized financial assets (DeFi) are prepared for explosive outbreaks.
In a new tweet, the crypto strategist tells his 111,100 followers that he is closely monitoring the credit and credit platform Aave as the crypto asset is on the verge of a sharp move in its Bitcoin (BTC) and USD pairs.
“Aave chokes to break out on both the USD and BTC pairs. Beautiful ascending triangle. “
The second coin on Smart Contracter’s radar is an intelligent contract platform that developers can use to digitize real assets: Avalanche (AVAX). According to the cryptanalyst, AVAX is poised to jump over 50% from its current price of $ 27.
“Well, that’s a bullish candle on AVAX. Today devoured 2 weeks of price action…. The next resistance and $ 41 are inevitable in my opinion. “
The third coin on the smart contractor list is the SushiSwap (SUSHI) decentralized exchange, which is set to break out after weeks of consolidation.
“Make it what you want, but S.ushi is one of the few select DeFi alts with a market cap> $ 1 billion that doesn’t look like death. USD pair accumulated just above all-time high for 5 weeks. I think the top breakout will be called off soon. “
According to Smart Contracter’s table, Sushi is poised for one final bullish rally above $ 28, up 40% from the current price of $ 20. After the final leg, the trader expects Sushi to start a massive correction.
As for Bitcoin, the crypto strategist believes the leading cryptocurrency is on its way to a new all-time high of $ 73,000 before March is over.
“$ 1.9 trillion printed, send it. It’s not intuitive to think that it will be that easy, but in this environment where m1 (money supply) is increasing, BTC is increasing. “
Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Selected image: Shutterstock / Conrado