A Crypto Analyst Predicts Massive Surge for Solana-Based Altcoin and Bullish Signal for Ethereum
A popular cryptocurrency analyst known as Bluntz is optimistic about the potential of a memecoin called dogwifhat (WIF) based on the Solana blockchain. According to Bluntz, the memecoin has the potential to appreciate by around 359% from its current price. Bluntz points out that the WIF/SOL pair has formed two consecutive lower lows on the four-hour chart, indicating a potential bottoming out.
Bluntz also highlights a bullish signal for Ethereum (ETH) against Bitcoin (BTC). He notes that ETH/BTC is forming a bullish divergence on the weekly chart, where the price is trending lower while the Relative Strength Indicator (RSI) is trending upwards. Additionally, there has been a “fakeout to the downside,” which Bluntz considers a very bullish signal.
Bluntz suggests that Ethereum could surge above $2,900 against the US dollar. According to his chart analysis, Ethereum may be forming the second wave of a five-wave pattern on the four-hour chart, indicating an upward trend. This aligns with the Elliott Wave theory, which suggests that asset prices move in a five-wave pattern.
Hot Take: Bullish Outlook for Solana-Based Altcoin and Ethereum
A crypto analyst going by the name Bluntz predicts significant gains for a memecoin called dogwifhat (WIF), which is built on the Solana blockchain. Bluntz believes that WIF could potentially surge by 359% from its current level. Additionally, Bluntz identifies bullish signals for Ethereum against Bitcoin, with a forming bullish divergence and a “fakeout to the downside.” Moreover, he suggests that Ethereum may experience a substantial increase in value against the US dollar, based on chart analysis indicating the formation of a five-wave pattern. These predictions highlight potential opportunities for crypto investors in both the memecoin space and Ethereum market.
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