A broadly adopted crypto dealer believes that one top-10 altcoin might double in value amid a crypto market bounce.
Pseudonymous crypto analyst Bluntz tells his 223,000 Twitter followers that he’s “liking” Solana (SOL) after the Ethereum (ETH) competitor accomplished an Elliot Wave Idea three-wave correction sample in addition to bounced from a serious assist stage.
In line with the Elliott Wave idea, the principle development within the value motion of an asset happens in a five-wave sample whereas a correction happens in a three-wave sample.
“One of many altcoins I’m liking right here is SOL.
Strong robust response from a serious assist stage, clear three-wave transfer down on excessive time frames.
I believe this has potential for 100% upside and I not often name shit like that.”
Solana is buying and selling at $16.75 at time of writing.
Turning to Bitcoin (BTC), the pseudonymous analyst says that the flagship crypto asset is flashing a bullish sign on the every day chart.
“Lovely downtrend/bull flag breakout on every day.
I believe it’s time to begin taking some extra danger once more.”
A bull flag sample usually indicators that the uptrend which was underway previous to the worth descent is about to renew.
Bitcoin is buying and selling at $28,840 at time of writing.
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