The widely-followed cryptocurrency trader, who is bullish on low-cap Memecoins built upon the Solana protocol (SOL) blockchain.
Pseudonymous trader Bluntz tells Moo Deng is a memecoin that features a hippopotamus.MOODENG) “looks appealing” It is now around 53% less than the all-time peak reached late in September.
Bluntz says that MOODENG also exhibits bullish divergence on the 4-hour timeframe. When the Relative Strength Index, or RSI oscillator, shows lower lows and higher highs at the same time on the price chart of an asset there is a bullish divergence.
MOODENG, at the time this article was written, is currently trading at $0.161, up 10.38x since its September 20th low price of $0.0155.
Bluntz further says,
“MOODENG at $150 million market cap after a 50%+ pullback is cheap in my opinion.”
Dogecoin, too, is a good investment for this trader.DOGEBluntz is the biggest memecoin in terms of market capitalization. Bluntz says DOGE, in contrast to other altcoins, is showing strength as it has reached new highs when compared with Bitcoin.
“Hands are being shown.”
Dogecoin currently trades at 0.00000273 BTC, or approximately $0.023, up 54% from the previous 30 days.
Sui) is the next in line.SUI). According According to a pseudonymous technical analyst, who uses Elliott Wave Theory in his analysis regularly, Sui has reached a high close to $2.35 that was achieved on October 13th.
It appears that the analyst is predicting a rise of SUI to $3 or more in a 5-wave pattern. According to Elliott Wave Theory, the primary trend in the price movement of an asset follows a five wave pattern. A correction is a three wave pattern.
Sui was trading for $2.31 as of the time this article is written.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should conduct their own due diligence. Your transfers and trades will be at your risk and you are responsible for losses. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
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