A leading crypto trader is extremely bullish on an Ethereum (ETH) rival.
The pseudonymous analyst known as Bluntz tells his 300,000 followers on social media platform .
“The USD pair has retested a major breakout and the BTC pair is about to go through a major downtrend. Next to memes, L1 alts are the game (in my opinion), they are the two prettiest sectors I can see.
NEAR is trading at $6.70 at the time of writing. The 24th largest crypto asset by market capitalization is up almost 9.5% over the past 24 hours and over 22% over the past week.
Bluntz is also bullish on the altcoin sector as a whole.
“Alts are holding up extremely well, considering I think many will go wild this week as soon as BTC bids, which I also think is imminent.”
Earlier this week, the analyst also predicted that the Dogecoin (DOGE) correction would be over soon.
Bluntz shared a chart suggesting DOGE could surpass $1 before its five-wave rally ends.
“The current fourth wave of DOGE appears to be over here.
(DOGE) has been in a flat upward correction for two weeks now and many people have gotten bored and moved on in search of the next shiny thing.
In reality, the DOGE parabola is just getting started, no profit taking up to $1 minimum in my opinion.
Bluntz practices Elliott Wave Theory, which states that a bullish asset tends to experience five waves before seeing an ABC correction. According to the theory, waves one, three and five are bullish surges while waves two and four are correction periods.
DOGE is trading around $0.40 at the time of writing. The 7th ranked crypto asset in terms of market capitalization increased by almost 4.5% over the past day.
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