An analyst known as “Master Trader” on crypto exchange Bybit believes an altcoin running on the Ethereum (ETH) network is ready to take center stage.
Pseudonymous analyst Bluntz tells his 301,800 followers on social media platform .
Bluntz draws on Elliott Wave Theory, a technical analysis approach where a bullish asset often witnesses a five-wave rally.
said Bluntz,
“Major breakthrough on LINK today, all you have to do is take one look at LINK/BTC before realizing you’re probably not behind and still ahead.
It underperformed in just about everything during the entire bull run and now appears to be catching up.
Probably one of the few coins I would categorize as dinosaur coins that aren’t complete vaporware.
Looking at the trader’s chart, he seems to predict that LINK will hit a new all-time high of $70.
At the time of writing, LINK is worth $24.44.
As for Near (NEAR), the analyst says he is optimistic about rival Ethereum after it broke diagonal resistance on its Bitcoin pair (NEAR/BTC).
“Revenge of the Dinosaurs.”
The NEAR/BTC pair has finally broken out.
At the time of writing, NEAR is trading at $7.42.
Bluntz also believes that the Solana-based dogwifhat (WIF) meme token (SOL) is poised to outperform the broader meme sector.
“Huge six-month-plus inverse base/head and shoulders structure on the US Dollar pair.
Daily double divergences against doge and 12 hour bullish double divergences against PEPE.
If you play memes and want to surpass DOGE, that should always be the goal.
At the time of writing, WIF is worth $3.31.
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