Analyst Predicts New All-Time High for One Ethereum-Based Altcoin, Updates Outlook on BTC and ETH
A popular crypto analyst says one under-the-radar Ethereum (ETH)-based altcoin is about to go on a massive run.
The pseudonymous analyst Smart Contracter tells his 220,200 Twitter followers that Mask Network (MASK) is setting up for a surge following a correction, after forming a three-wave pattern labeled as the A-B-C wave of the Elliott Wave theory.
He predicts MASK will climb to $6.50 later this month.
Mask Network is worth $3.48 at of writing.
Smart Contracter also says Bitcoin (BTC) is in the midst of forming a three-wave pattern correction and sets lower price levels of $21,864 and $21,560 before a bounce up.
“If we’re doing an ABC down on BTC then wave equality between this leg and the first leg should take us to $21,864 with the prior high and the 4h 200 moving average not far off at $21,560. Those are the levels I’d be looking to scale longs.”
Bitcoin is trading for $21,911 at time of writing.
Lastly, Smart Contracter says Ethereum (ETH) is forming a horizontal triangle that may break to the upside.
“Final leg up and an end to almost four weeks of chop on ETH should be resolving soon. My bias is up, however, my only concern is BTC structure looks completely different.”
Ethereum is worth $1,554 at time of writing.
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