A crypto strategist who nailed Bitcoin’s (BTC) 2018 endure market mark ground says he’s having a peek at one memecoin to generate extensive returns this cycle.
Pseudonymous analyst Bluntz tells his 240,900 followers on the social media platform X that the Solana (SOL)-based mostly memecoin dogwifhat (WIF) is his “highest conviction” replace this cycle.
“WIF will be my kingmaker replace for this cycle…
Never belief my highest conviction wager would be a memecoin but here we’re. [Here’s a] visual illustration of what I mediate occurs.”
Looking at the trader’s chart, he looks to predict that WIF can hover to as high as $3.
At time of writing, WIF is trading for $0.611, indicating an upside doable of over 700% if the memecoin hits Bluntz’s target.
The analyst is also bullish on the native asset of the decentralized storage network Filecoin (FIL). The analyst shares a chart suggesting that FIL is poised to continue trending higher after winding up an ABC corrective wave.
“FIL gearing up for the next leg up here now in my search, good ABC done on the four-hour [chart].”
Bluntz practices the Elliott Wave thought, an superior technical evaluation formula that attempts to predict future mark action by following crowd psychology that tends to manifest in waves. Basically based totally on the thought, a bullish asset tends to take into myth a burst to the upside after winding up an ABC corrective sample.
At time of writing, FIL is trading for $7.68.
Generated Image: Midjourney
