A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets. Starting with the layer-one
Bitcoin Ethereum
Sinabi ng Nangungunang Analyst na Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook sa Bitcoin at Dogecoin
Balita ng Ethereum ng Bitcoin
A widely followed analyst and trader is offering his prediction on three crypto assets amid a slight bump in the markets.
Starting with the layer-one blockchain Near Protocol (NEAR), the analyst pseudonymously known as Bluntz nagsasabi his 251,200 subscribers on the social media platform X that the Ethereum (ETH) rival could rise above $9.01, the 22-month high last reached a little over a week ago.
“Will NEAR be the first Layer-1 in the top-50 (by market cap) back to fresh 2024 highs? I think the answer to that will be a resounding yes.”
According to the analyst who regularly uses the Elliott Wave theory in his technical analysis, two five-wave patterns are playing out on the four-hour chart of NEAR. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
Based on Bluntzs chart, one of the five-wave patterns could complete at above the $8.80 price while the second one could complete at around the $9.53 level.
Pinagmulan: Bluntz/X
Ang NEAR ay nakikipagkalakalan sa $7.84 sa oras ng pagsulat.
Next up is Bitcoin (BTC) and Ethereum. Bluntz sabi ni that it is “looking” like the two largest crypto assets by market cap have formed price floors and are now destined to “start pushing higher again from here.”
Based on Bluntzs charts, it appears that both Bitcoin and Ethereum have completed a three-wave corrective pattern to the downside on the 15-minute and one-hour timeframes, respectively.
Pinagmulan: Bluntz/XPinagmulan: Bluntz/X
Ang Bitcoin ay nakikipagkalakalan sa $71,163 sa oras ng pagsulat habang ang Ethereum ay nagbabago ng mga kamay sa $3,645.
Turning to Dogecoin (DOGE), Bluntz sabi ni that the largest memecoin by market cap has completed a three-wave corrective pattern on the 30-minute chart, suggesting the potential end of a downtrend.
“Starting to think it might not give deeper pullback, definitely strong, no doubt about that.”
Pinagmulan: Bluntz/X
Ang DOGE ay nakikipagkalakalan sa $0.189 sa oras ng pagsulat.
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