Crypto Analyst Who Nailed Bitcoin’s 2018 Bottom Warns Binance Coin and One Ethereum Rival Primed for Pullbacks

A popular cryptocurrency analyst and trader is expressing near-term bearish sentiment for Binance Coin (BNB) and one Ethereum (ETH) competitor. Starting with Binance Coin, the pseudonymous analyst Smart Contracter tells his 219,100 Twitter followers that the fifth-largest crypto asset by market cap could plummet by about 12% from current levels. From the charts, it appears that the trader who applies the Elliott Wave Theory in his technical analysis is suggesting that Binance Coin has completed a five-wave bullish pattern and is poised to correct up to around $265, a level which coincides with the 61.8% Fibonacci level from the year-to-date