A widely followed crypto strategist believes that a new altcoin that has seen astronomical gains in just a few months appears poised for further momentum.
The pseudonymous trader known as Bluntz tells his 308,000 followers on social media platform looks really good” after a 50% correction occurred. according to a three-wave model.
The analyst follows the Elliott Wave Theory, which states that an asset can experience a five-wave rally after making an ABC retracement.
According to Bluntz, AI16Z is gearing up for the final leg of its biggest five-wave surge en route to a new all-time high above $3.
“This should reach a new all-time high…”
AI16Z is trading at $1.66 at the time of writing, up approximately 16,190% from the November 3 low of $0.01019.
Next up is Bitcoin (BTC). According to the analyst, Bitcoin could plunge to an immediate support level and complete its ABC correction before reaching a new all-time high.
“Let’s start to make it look like the $90,000 sweep is going to happen with no relief bounce in between, the good news is the top callers are back in full force now that we’re near the lows.
They were nowhere in sight (a few days ago).
Bitcoin is trading at $94,900 at the time of writing.
Next up is the AI-powered market intelligence platform, aixbt by Virtuals (AIXBT). Bluntz says AIXBT has seen a “monstrous uptrend since its inception” and is poised to rally to complete a five-wave pattern on the 12-hour time frame that began in December.
AIXBT is trading at $0.564 at the time of writing.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
& nbsp
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
