The widely respected analyst and trader is bullish on blockchain oracles built on the Solana (SOL) ecosystem and is offering his outlook for Bitcoin (BTC) and Dogecoin (DOGE).
Alien cryptocurrency trader Bluntz told his 290,400 followers on social media platform X that the native token of Solana-based blockchain oracle Pyth Network (PYTH) is poised for a strong bullish move.
“God’s Candle is loading on PYTH.
Perfectly round bottom accumulated over 3 months.
Currently, as far as build-up resistance goes (just below the $0.50 price), the final boss is tempting, and once it’s cleared, there’s clear skies ahead.
I think Solana Beta is starting to get some love again.”
PYTH is trading at $0.399 at the time of this writing.
Turning to flagship digital assets, Bluntz, who regularly utilizes Elliott Wave Theory in technical analysis, says Bitcoin “should go higher” after a brief correction into a three-wave pattern.
According to Elliott Wave Theory, major trends in asset prices move in a five-wave pattern and corrections occur in a three-wave pattern.
According to the analyst’s chart, Bluntz appears to suggest that Bitcoin could hit a new all-time high below $80,000 in the first few days of November.
“We are seeing a lot of posts expressing concern about election volatility, and while we don’t think those fears are unfounded, we do think election volatility will rear its head higher.”
At the time of this writing, Bitcoin is trading at $72,054.
Closing with popular meme asset DOGE, traders say it is poised to move higher after enjoying more than two years of accumulation.
“Despite these low levels, many will end up selling DOGE too early.
“This is the result of 874 days of accumulation, brain recovery and bullying about something.”
Dogecoin is trading at $0.171 at the time of this writing.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
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