A popular crypto analyst and trader is calling for more bullish moves for three altcoins.
In a new Twitter thread, the pseudonymous trader known as The Crypto Dog tells his 572,000 followers that Elrond (EGLD), which is up from around $100 to $150 in the past couple of weeks, is likely destined for bullish continuation.
The analyst also says that EGLD might remain in an uptrend for days or weeks.
“EGLD setting up for a strong 3D after breaking out of consolidation. This could trend for days/weeks.”
The trader is also interested in PancakeSwap (CAKE), the decentralized exchange platform based on Binance Smart Chain.
The analyst says that CAKE has been in an uptrend since late July and will likely continue its ascent, possibly hitting all-time highs in the near future.
“CAKE/USD has been in only up mode since late July. All time highs inbound?”
The trader is also bullish on layer-2 scaling network Polygon (MATIC), predicting that the asset will reconquer the $2 level.
“This looks like bullish consolidation on MATIC. They’re going to throw it back to $2+”
Finally, The Crypto Dog says that smart contract platform Ethereum is likely entering a consolidation phase as it trades around the $3,000-$3,200 region.
“ETH consolidating, my money is on accumulation.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/urzine