Ethereum (ETH), Fantom (FTM), and this low-cap altcoin to Blow

  • Top analyst has used his Elliott Wave Theory analytics to predict a bullish upshoot for three key altcoins.
  • These altcoins include Ethereum, Fantom and The Graph.

The ongoing rally in the digital currency ecosystem might be giving early credence to the call from an analyst about the potential uptrend of Ethereum (ETH), Fantom (FTM), and The Graph (GRT). Taking to Twitter to share his insight with his more than 221,000 followers, crypto analyst, Smart Contracter said the highlighted three cryptocurrencies are primed for growth based on his own analysis.

The pseudonymous analyst confirmed that the completion of the corrective move down and breaking out of a diagonal resistance by the tokens based on the Elliott Wave Theory confirmed the potential rallies. The analyst said sharing the chart shown below;

Nice FTM downtrend break on USD pair and BTC pair and macrostructure is a big clear three wave move down. Hard not to be looking for longs on some things now in light of this weekend price action.

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Besides the technicals that were shared by the Analyst, Fantom has the right fundamentals to back its potential growth in the near term.

At the time of writing, Fantom is changing hands at $0.4736, up 17.68% over the past 24 hours.

Smart Contracter also gushed about the chances of The Graph printing new highs based on the strength of its technicals. According to him, the indexing protocol looks primed for an imminent upshoot following the completion of the Elliott Wave ABC Wave Down.

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So many alts look amazing,” he said in a tweet, “GRT also has a clean ABC down on weekly after five-wave rise.

The Graph was designed to provide the needed competition to Chainlink (LINK). While it has not been able to do this, it has carved out a niche for itself over the years and it is currently priced at $0.1581, up 10.02% over the past 24 hours.

The Ethereum Advantage

Besides Bitcoin (BTC), Ethereum comes off as the biggest altcoin with a massive market capitalization of $216.45 billion. Marked as the biggest and most robust smart contract hub in the digital currency ecosystem, Smart Contracter did not mince words to tag is among the cryptocurrencies that are most primed for growth in the near future.

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At the time of writing, the digital currency is up 6.22% to $1,769.56, and by as much as 16% over the trailing seven-day period. According to the analyst, the propensity for Ethereum to grow was further highlighted when it plunged to a low of $1,372 on March 10th to still close the previous week above $1,500.

Such immediate growths are often charted by a cryptocurrency with the right base of both retail and whale transaction traders. Though Smart contracter did not reveal his price target for Ethereum, expectations to top $2,000 by the end of the second quarter can obviously not be shrugged off.

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