Ethereum

Solana

Bitcoin

<div class="dailyhodl">
 <p>Top crypto analyst Bluntz says that the recent correction in Solana (SOL) is over and that rallies are set to continue for the leading Ethereum (ETH) rival.</p>
 <p>In a new strategy session, the pseudonymous analyst tells his YouTube subscribers that SOL has completed an ABC correction, priming itself for another impulse to the upside.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>Bluntz uses Elliott Wave theory, which attempts to forecast price movements based on crowd psychology which tends to manifest in waves. Traditionally, the Elliott Wave theory suggests that price impulses happen in five waves after three-wave “ABC” corrections.</p>
 <p>According to Bluntz, SOL’s correction is over.</p>
 <p><em>“This is definitely looking impulsive to me on the lower timeframes. We’ve had a five-wave rise here… [And a] very minor ABC pullback and now we’re going again, so I do think the SOL dip is over.”</em></p>
 <p>The trader says that Solana is likely destined to be the “fastest horse” moving into the next crypto market cycle, and says its Bitcoin pair (SOL/BTC) is suggesting more strength to come in the near future.</p>
 <p>Bluntz says that for the time being, he’s targeting somewhere above $80 for Solana until it appears that SOL has fully completed a five-wave move to the upside. However, based on his chart, the trader suggests that SOL is likely destined for much higher prices than $80.</p>
 <p>Says Bluntz,</p>
 <p><em>“I do think we’re going to continue making new highs and continue making three-wave pullbacks and continue higher. And then, once this structure looks complete and it looks like five of five [waves] has completed, marking from this very first wave down here, that’s when I might start to get worried. </em></p>
 <p><em>But at least for now, looking at this on the daily, I think this still has plenty of juice left in the tank, and I think we’re probably hitting $80+ in this next leg and we’ll reassess when we get there.”</em></p>
 <figure id="attachment_267010" aria-describedby="caption-attachment-267010" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-267010 size-full" src="https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp" alt="" width="1024" height="https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp" srcset="https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 1760w, https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp?resize=300,https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 300w, https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp?resize=768,https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 768w, https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp?resize=1024,https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 1024w, https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp?resize=1536,https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 1536w, https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp?resize=750,https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 750w, https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp?resize=1140,https://cdn.thebittimes.com/images/2023/11/25/8dcfc9623a6f55057bc0d95892137b8f.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption id="caption-attachment-267010" class="wp-caption-text">
   Source: Bluntz/YouTube
  </figcaption>
 </figure>
 <p>At time of writing, SOL is trading for $57.39.</p>
 <div class="video-container"><iframe title="YouTube video player" src="https://www.youtube.com/embed/dcXGFBMjz9g?si=-xAgRk9gHktU82Mk" width="560" height="315" frameborder="0" allowfullscreen></iframe>
 </div>
 <p><span style="color: #ffffff;">I</span></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-ethereum-rival-s-poised-to-be-the-fastest-horse-will-skyrocket-much-higher-top-analyst-tbt71557.html">https://thebittimes.com/this-ethereum-rival-s-poised-to-be-the-fastest-horse-will-skyrocket-much-higher-top-analyst-tbt71557.html</a></p>

This Ethereum Rival’s Poised To Be the ‘Fastest Horse,’ Will Skyrocket Much Higher: Top Analyst

TheBitTimes

2023년 11월 24일에 게재된 다른 기사

Analyst sees Cardano and Bitcoin on verge of breakout

TalentQL launches Bubble, a “Tinder for co-founders” platform pairing founders with developers

Cardano Price Aims for a Bullish November Close: Can it Rise & Sustain Above $0.4?

FTX’s Liquidation Saga: $36 Million in Altcoins Shifted to Coinbase and Binance

Dump Alert on This Altcoin! Giant Whale Moved All of Its Coins to the Stock Exchange!

Jim Cramer Admits Mistake on Bitcoin Call, Supports Increased Exposure

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!