Cryptocurrency analyst and trader Bluntz has gained a significant following on social media for his insights into the market. In a recent tweet, he expressed his bullish sentiment on a Solana-based memecoin called dogwifhat (WIF). Bluntz believes that WIF has the potential to appreciate by approximately 359% from its current level.
Bluntz’s chart analysis suggests that the WIF/Solana (WIF/SOL) pair has formed two consecutive lower lows on the four-hour chart this year. This indicates a potential bottoming out and a potential upward trend for the memecoin.
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Moving on to Ethereum (ETH), Bluntz highlights a bullish divergence forming on the weekly chart when ETH is paired against Bitcoin (BTC). The price of ETH is trending lower, but the Relative Strength Indicator (RSI) is trending upwards. Bluntz sees this as a positive sign for ETH and describes the recent “fakeout to the downside” as a very bullish signal.
In terms of the ETH/BTC pair, Bluntz believes that Ethereum could soar to above $2,900. His chart analysis suggests that Ethereum may form the second wave of a five-wave pattern on the four-hour chart, indicating a potential upward movement. This aligns with Elliott Wave theory, which suggests that asset prices move in a five-wave pattern.
Bluntz’s insights and chart analysis have gained attention from cryptocurrency enthusiasts and traders alike. His predictions and analysis provide valuable information for those looking to make informed investment decisions.
It’s important to note that Bluntz’s opinions are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The cryptocurrency market can be volatile, and it’s crucial to understand the risks involved.
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In conclusion, Bluntz’s bullish sentiment on the Solana-based memecoin WIF and his analysis of Ethereum’s potential upward movement against Bitcoin have garnered attention in the cryptocurrency community. His insights provide valuable information for those looking to navigate the complex and ever-changing world of cryptocurrencies. However, it’s essential to approach investments with caution and conduct thorough research before making any decisions..
