An analyst known for making timely crypto calls believes that altcoins may have now entered a massive uptrend after Bitcoin (BTC) hit new all-time highs this week.
Pseudonymous analyst Bluntz tells his 306,000 followers on the social media platform X that altcoins may start outperforming Bitcoin as the digital assets are suddenly flashing bullish.
“Looking increasingly like a full-blown altseason has started. Trying not to get too ahead of myself, but all signs are pointing that way for now.”
Looking at Dogecoin (DOGE), the analyst says the top memecoin is on the verge of printing a massive breakout rally, also known as a god candle.
“These Dalai Lama upwards channel breakouts are always my favorite setups. God candle loading on DOGE.”
DOGE is trading for $0.23 at time of writing, down 1.9% in the last 24 hours.
Next up, the analyst says that the memecoin Floki (FLOKI) may be in the middle of printing a five-wave pattern to the upside.
The analyst regularly applies the Elliott Wave theory in his technical analysis, which states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
“FLOKI looking increasingly like it’s going to extend further. A lot of these alts that looked like five up look to be extending here in my opinion. Altseason increasingly looking like it’s in full play.”
Looking at his chart, the analyst suggests FLOKI may reach the $0.0001800 level.
FLOKI is trading for $0.0001086 at time of writing, down 2.8% in the last 24 hours.
Lastly, the analyst says that memecoin Pepe (PEPE) may soon soar to $0.00002500, a more than 65% increase from its current value, based on the Elliott Wave theory.
“PEPE gearing up to extend quite a bit higher in my opinion. Nice series of one-twos formed down the bottom and still has a few more major legs to go before this can be viewed as five up complete in my opinion.”
PEPE is trading for $0.00001497 at time of writing, up 3.1% in the last 24 hours.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/stockphoto-graf/GrandeDuc
Credit: Source link
