An analyst known as a “Master Trader” at the crypto exchange Bybit thinks 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 relies on the Elliott Wave theory, a technical analysis approach that states that a bullish asset often witnesses a five-wave rally.
Says Bluntz,
“Big break on LINK today, all it takes is one look at LINK/BTC before you realize you’re probably not too late and still early.
It underperformed almost everywhere during the entire bull run and now appears to be turbo-catching.
Probably one of the few that I would categorize as a dino coin that isn’t complete vaporware.
Looking at the trader’s chart, he seems to predict that LINK will explode to a new all-time high of $70.
At the time of writing, LINK is worth $24.44.
On Near (NEAR), the analyst says he is bullish on the Ethereum rival after it broke a diagonal resistance on its Bitcoin pair (NEAR/BTC).
“The revenge of the dinosaurs.
The NEAR/BTC pair finally broke out.”
At the time of writing, NEAR is trading at $7.42.
Bluntz also thinks Solana (SOL)-based meme token dogwifhat (WIF) is poised to outperform the broader meme sector.
“Huge base/inverse head and shoulders structure over six months on the US dollar pair.
Double daily differentials against Doge and double 12-hour bull differentials against PEPE.
When you play memes you want to outperform DOGE, that should always be the goal.”
At the time of writing, WIF is worth $3.31.
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Generated image: Midjourney
