A extensively adopted crypto dealer believes that one top-10 altcoin may double in worth 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 Concept three-wave correction sample in addition to bounced from a serious help degree.
In line with the Elliott Wave principle, the primary development within the worth 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.
Stable robust response from a serious help degree, clear three-wave transfer down on excessive time frames.
I feel 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.
“Lovely downtrend/bull flag breakout on day by day.
I feel it’s time to start out taking some extra threat once more.”
A bull flag sample sometimes 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.
Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet online affiliate marketing.
Generated Picture: Midjourney