Ethereum Competitor Looks Ready To Erupt

It’s been revealed that a crypto analyst who predicted Bitcoin year-end crash updates his forecast on a few altcoins.

New altcoins predictions are out

Smart Contracter has recently said that monthly closes are looking good for a number of projects.

One altcoin on Smart Contracter’s radar is Fantom (FTM),. He said that the coin has already completed a corrective A-B-C pattern on the weekly timeframe.

The trader predicted an explosive 190% move for the smart contract platform from its current level of $1.55 to a fresh all-time high of around $4.50.

“FTM weekly looking like a big corrective A-B-C from the highs. Another that I think has a cracking chance of an all-time high this year.”

The trader added that Solana (SOL) is also flashing bullish signals on both the US dollar and Bitcoin pairs.

He looked at SOL against the US dollar (SOL/USD), and also explained that the pair is showing a bullish reversal pattern at the bottom of a multi-month downtrend.

“Monthly charts closed today and one of the altcoins I like is Solana (SOL). On the US dollar pair, we have a textbook morning star pattern on the monthly timeframe which occurred dead smack on the 0.618 [Fibonacci retracement level].”

The analyst is using the Elliot Wave theory for his predictions.

The popular crypto analyst Nicholas Merten explained that Bitcoin is in the middle of a push to $70,000, with one critical resistance level left in play.

He recently said that Bitcoin is currently facing a big point of resistance between the $48,000 and $50,000 range.

The analyst predicted that BTC is now putting up a fight at current levels for the better part of next month before making its next attempt at convincingly shattering the $50,000 range.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $46,701.