A trader who accurately called Bitcoin’s (BTC) price floor for 2018 is predicting huge upside gains for two top 50 altcoins.
Starting with Solana (SOL), the analyst and trader under the pseudonym Bluntz tells its 232,000 followers on the social media platform
According to the analyst, the bullish SOL/BTC chart indicates that Solana is likely to rise against the US dollar.
This was another great SOL/BTC picolow call. Since the original post, it has impulsively recovered from the lows in five waves and has now made another ABC decline. In my opinion, SOL/BTC is about to fully ship.
I have no idea where the USD pair will go in terms of levels, but I really think it will be $140+.”
Solana is trading at $73.65 at the time of writing and would need to rise more than 90% to hit its target of at least $140.
Regarding the governance mark of the decentralized finance protocol (DeFi) Aave (AAVE), Bluntz say that the 50th largest altcoin by market cap looks poised for a major breakout rally.
“Mour three-day candle AAVE. Legitimate preparation for gigasend.
In my opinion there should be plenty of juice in the tank, but in my opinion you shouldn’t aim for anything less than $200.”
AAVE is trading at $108.13 at the time of writing and would need to rise 85% to reach a $200 target.
About Bitcoin and Ethereum (ETH), Bluntz say he is now bullish on the two crypto assets after initially expressing reservations. Initially, the pseudonymous crypto analyst had done so warned of a possible downside move for Bitcoin and Ethereum after the two leading crypto assets retreated from their rising channel highs.
“Overnight price action made me do a 180 on this take. Sh*t looks bullish again.”
Bitcoin is trading at $42,113 at the time of writing, while Ethereum is worth $2,244.
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Generated image: DALLE3