A widely known cryptocurrency analyst and trader predicts that one of the top 20 altcoins will soon see an explosive rise.
The analyst, who goes by the pseudonym Bluntz, told his 304,200 followers on social media platform
Bluntz practices Elliott wave theory, which states that bullish assets tend to rally further after completing an ABC wave decline.
“LINK continues to show strength against the USD and BTC pair. “I think we’ll see that number increase by at least 50% in the next week or two as we work hard to recapture the scope analysis.”
He also says this week’s market correction creates a buying opportunity for LINK.
“Now there are some good setups for these large flushes. LINK is one of them.”
LINK is trading at $23.65 at the time of this writing, up 12.2% in the last 24 hours.
Next, traders say Pepe (PEPE) is poised for an explosive rally after the memecoin retested the lower bound of its trading range on the hourly chart.
“PEPE has established itself as a champion, but still manages to fool both sides of the spectrum. This setup can screw up both bulls and bears, but hitting lows seems to be what this megaphone is sending out.”
As of this writing, PEPE is trading at $0.00002495, up 6.4% in the last 24 hours.
The analyst also predicted a broader rally in the cryptocurrency market after this week’s sudden decline.
“There’s nothing like a good clearing to get the next parabolic leg higher.”
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