Economist Henrik Zeberg says the Solana-based dogwifhat (WIF) memecoin (SOL) mirrors Bitcoin’s (BTC) November pattern.
In a new message on social media platform
“Just before the big BTC release in November, we saw the same technical strength that we are currently seeing in WIF.
– Positive divergence of the RSI
– MACD about to cross bullishly
– RVGI on the rise
All this as price pushed towards a falling wedge – part of the broader Wave 2.
TRANSLATION:
WIF is poised to explode higher in the larger wave 3 – in an extended move that could reach as high as USD 18-19 in the next move! »
WIF is trading at $2.02 at the time of writing, up 13% in the last 24 hours. A move to $19 would represent a percentage increase of approximately 840%.
Yesterday, Zeberg said the crypto market was suddenly turning bullish for altcoins while warning of worsening macroeconomic conditions.
“We had the first initial surge of the first wave of the BTC Dominance Index. Barely noticeable! It will be in the third wave (which is starting now) that we will really see the strong surge in altcoins. And it only ends after three more waves from here, in wave three, wave four, wave five. When? We’ll have to see! The most important thing is to be on the right side of the trade.
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