One of the top cryptocurrency traders is bullish about Ethereum (ETH).
Bluntz, a pseudonymous social media analyst who has 300 000 followers on the platform X, tells them that there is “a god candle” loading for Near Protocol’s layer-1 blockchain.
The USD pair has just retested an important breakout, and the BTC is about to break through a significant downtrend. Alt L1s [in my view] are next to memes. These are two of the best looking sectors I have seen.
NEAR was trading at $6.70 as of the time this article is written. Market cap-wise, the 24th ranked cryptocurrency asset has risen nearly 9.5% over the last 24 hours. It is also up more than 22.5% for the week.
Bluntz also has a bullish outlook for the entire altcoin industry.
The analyst predicted earlier this week that Dogecoin (DOGE’s) correction will soon be over.
Bluntz posted a chart that suggested DOGE’s five-wave rally could reach $1.50 before it is finished.
For two weeks, [DOGE] is in a sideways correction that has moved up and down. Many people are now bored with it and have moved onto the next thing.
“In my opinion, I believe that the DOGE Parabola is just beginning. Profit-taking should not begin until at least $1.”
Bluntz uses the Elliott Wave Theory, according to which a bullish investment tends towards five-wave surges prior to an ABC correction. The theory states that waves 1, 3, and 5 are upward bursts, while waves 2 and 4 are corrections.
DOGE was trading at $0.40 as of the time this article is written. Market cap-wise, the 7th most valuable crypto asset has risen nearly 4.5% over the last day.
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The post “God Candle” Loading For One Ethereum Rival – Here Is His Outlook might be updated as new information becomes available.
