An analyst known for making Altcoin calls in a timely manner believes that the same that flows on Solana (ground) is preparing for a huge upward gust.
Analyst Pseudonym Bluntz said to his 319,800 subscribers on the social media platform X that he sees the same SPX6900 (SPX) triggering steep overvoltages based on the principles of Elliott wave theory, an approach to advanced technical analysis which tries to predict the action of future prices by following the psychology of the crowd that tends to demonstrate waves.
According to the theory, an upper bullish tends to attend a five wave rally, with a three long and steepest movement.
Said Bluntz,
“SPX looks crazy in my opinion, it seems that all the action of the price of walking stockings is all 1-2 and has not even had a wave three yet, preparing the ground for a parable in its own right later.”
Based on the trader graphic, it seems to predict that SPX will gather at $ 2.20. At the time of writing, SPX is worth $ 1.10.
The analyst is also optimistic about Dogwifhat (WIF), another same, based in Solana. The merchant provides that WIF will reach $ 1.25 in the short term.
“What a loop on WIF already, indeed recovered the range, and by looking impulsive in my opinion, I think that this decline was a wave of four bass.”
At the time of writing, WIF is worth $ 0.97.
Looking at the larger Altcoin market, Bluntz believes that a group of parts has the potential to surpass all the other tokens.
“When the real Altcoin offer returns, the memes are always the strongest.
No matter how important you want the fundamentals, this is not the case, because in the end, it’s all vaporware anyway, and we all know it. »»
But beyond the cryptography market, the merchant says he has an eye on money, an asset which, according to him, can break his top of all time of $ 50.
“The silver / gold ratio seems to be starting to roll with money in USD finally preparing for a major escape.
Compared to the action of gold prices, $ 75 in money not outside the area of the possibility in my opinion. »»
At the time of writing, the money is worth $ 34.50.
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