Analysts who are known for their timely calls in the crypto world believe that Altcoins could be entering a huge uptrend now after Bitcoin.BTCThis week, ) reached new highs.
Bluntz, a pseudonymous analyst tells Altcoins are now showing signs of bullishness, according to his 306,000 Twitter followers.
“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.”
Dogecoin: A Look at the Dogecoin.DOGE), the analyst says Top memecoins are on the cusp of a major breakout rally. Also known as god candles, this is a top coin that’s about to make a big move.
“These Dalai Lama upwards channel breakouts are always my favorite setups. God candle loading on DOGE.”
DOGE, at the time this article was written, is currently trading at $0.23. This represents a 1.9% decline in just 24 hours.
Following the analyst, says The memecoin Floki is a (FLOKI() is printing an upside-down five-wave pattern.
In his analysis of technical data, the analyst applies Elliott Wave Theory. This theory states that the trend in the price movement of an asset follows a pattern of five waves while corrections follow a pattern of three waves.
“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.”
According to the analyst, FLOKI is likely to reach $0.0001800.
FLOKI, at the time this article was written, is currently trading for $0.0001086. This represents a 2.8% decrease in just 24 hours.
Last but not least, there is the analyst says Pepe is a memecoin (PEPEAccording to the Elliott Wave Theory, it may soar up to $0.00002500 in a few months, which is 65% more than its current price.
“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 has risen 3.1% to $0.00001497 as of the time this article was written.
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