A widely followed cryptocurrency analyst and trader says he has turned bullish on a decentralized storage altcoin project, and highlights two other altcoins.

The analyst, known under the pseudonym Bluntz, tells his 239,700 followers on social media platform

“FIL is on the verge of the most excessive pump, two-year accumulation range almost eliminated.”

Looking at its chart, the trader suggests that FIL has broken above its diagonal resistance and is now poised to move above its multi-year high of $11,390.

Filecoin is trading at $11.57 at the time of writing, up more than 14% in the last 24 hours.

Filecoin launched in October 2020 with the backing of major crypto venture firms, including Winklevoss Capital, the venture capital firm co-founded by Bitcoin (BTC) billionaire twins Tyler Winklevoss and Cameron Winklevoss – the duo who created the crypto exchange platform Gemini .

The trader then doubles down on his prediction that the Solana (SOL)-based meme coin dogwifhat (WIF) will reach $3. He believes that WIF can ultimately change the price pattern mirror that was printed by the native asset of the crowd-computing platform Nosana (NOS):

“Visual representation (below) of what I think is happening.”

Finally say the trader that Solana’s competitor, Sei (SEI), is about to form a fifth wave rise to the $1.40 level:

“Let the god candle begin.”

Bluntz uses Elliott Wave theory, a technical analysis approach that attempts to predict future price action by tracking group psychology that tends to manifest itself in waves. According to the theory, a bullish asset goes through a five-wave rise before entering a three-wave correction period.

SEI is trading at $0.904 at the time of writing, down more than 1% in the last 24 hours.

Source: https://cryptobenelux.com/2024/03/10/analist-voorspelt-grote-winsten-voor-deze-drie-altcoins/

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