The Crypto strategist that has nailed the local top of Bitcoin (BTC) in January believes that the Memecoin Pudgy Penguins (Pengu) is preparing for a new upward burst.
The pseudonym analyst Bluntz tells his 326,600 followers on the social media platform X that Pengu looks ready for a Golf-Vijf Golf.
The trader relies on the Elliott golf theory, which states that a bullish is active to see a five-golf rally, with waves one, three and five that serve as upward movements and waves two and four act as corrective periods.
Out Bluntz,
“In my opinion this looks like the Pengu Wave Four. If you have missed the last run -up and you have patiently waited for the pullback, this is a good one to offer. Nice 33% dip After a large run -up is completely normal.”
Looking at the graph of the trader, he seems to predict that Pengu will rise above $ 0.05 before he ends his five golf rally. At the time of writing, Pengu is worth $ 0.0357, an increase of more than 7% in the past day.
Another meme -token on the trader’s radar is Bonk (Bonk). Blunt out The Altcoin blinks a bullish divergence on the four -hour graph, indicating that buying momentum is aware of the Altcoin, although the price of it drops.
Traders keep an eye on coins that show a bullish divergence, because it indicates that a reversal to the top is on the horizon.
“It will probably be a crack of four -hour bullish divergence on Bonk, probably a good place to offer here.”
At the time of writing, Bonk is worth $ 0.000026, an increase of almost 5% in the day.
The last memecoin on the trader’s radar is useless mint (useless), which the trader out Will probably enter a corrective phase after completing a five-golf rally.
“That is five on useless from the start [up to] now. Will offer this again in the future after the correction for the inevitable billions in market capitalization, but as in all things, Timing is everything. “
At the time of writing, 0.246 is worthless.
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Generated image: dalle3