Top Trader Says ‘Monster Trend’ Underway for Ethereum-Based Memecoin, Updates Forecast on WIF and POPCAT

A crypto strategist who boosted his following after hitting the Bitcoin (BTC) 2018 backside believes one memecoin is gearing as much as spark extra rallies.

Pseudonymous analyst Bluntz tells his 277,200 followers on social media platform

The dealer shares a chart that means PEPE will rise near $0.000014 earlier than the five-wave wave ends.

“Good little PEPE dip this pretty Sunday night, I feel it ought to backside out right here any minute now.

There are nonetheless many [legs up] for my part, and that is an absolute monster development.

Bluntz applies the Elliott Wave principle, which states {that a} bullish asset tends to see a five-wave rally earlier than reaching its peak. The speculation additionally states {that a} bullish asset sometimes recovers after the conclusion of an ABC correction.

Wanting on the dealer’s chart he appears to recommend that PEPE has accomplished an ABC pullback amid a wave three wave.

On the time of writing, PEPE is buying and selling at $0.0000105.

Turning to fellow meme token dogwifhat (WIF), the dealer shares a chart suggesting that the Solana (SOL)-based altcoin has cleared a diagonal resistance space that has stored the crypto asset bearish for months.

“GM (good morning) my shepherded brethren.”

On the time of writing, WIF is value $2.44, nicely above diagonal resistance.

One other memecoin on the dealer’s radar is Popcat (POPCAT). In response to Bluntz, POPCAT seems poised to interrupt out and attain new all-time highs.

“Le POPCAT is wanting good once more right here, good ABC on the 4-hour chart just under all-time highs, the following leg ought to break.

I am now beginning to have hassle discovering area for all the luggage I need, too many look nice.

Based mostly on the dealer’s chart, he appears to recommend that POPCAT will rise to a brand new all-time excessive of $1.25.

On the time of writing, POPCAT is value $0.95.

Do not miss a beat – Subscribe to obtain e-mail alerts straight to your inbox

Test worth motion

Comply with us additional X, Facebook And Telegram

Surf to the Each day Hodl combine

Generated picture: Midjourney