We are here with a different Ethereum prediction. An analyst named Bluntz has predictions in the cryptocurrency world. The famous analyst and trader is famous for his accurate predictions. The analyst foreshadowed the 2018 crash and 2020 rally at $3,200 in Bitcoin. Now he has an approach to the king of altcoins. It also has predictions for 2 altcoins.
Ethereum will crash but 2 altcoins will skyrocket
Bluntz calls his 223,600 Twitter followers. Accordingly, he says that Phantom (FTM), which is ranked 53rd in terms of market capitalization, is on the verge of a rally. Using Elliot Wave theory as one of his technical analysis tools, Bluntz says that Phantom appears to have completed a downward three-wave retracement pattern around a key Fibonacci retracement level and is about to resume the main uptrend. According to Elliot Wave theory, a correction occurs in a three-wave pattern while the main trend occurs in a five-wave pattern.
The analyst states that a nice base structure is starting to form for FTM. There is a strong reaction from the key 0.618 Fib level and the overall structure from the $0.33 highs. This structure is a corrective ABC for him. [dalga modeli] looks like. The analyst is above $0.28 and thinks FTM will make significant gains. The Phantom is worth $0.282 at the time of this writing.
Gloomy situation for ETH and Litecoin review
Looking at ETH, the analyst says that lower timeframes suggest a “pretty bleak” future for Ethereum. From Bluntz’s charts, it appears that he predicts Ethereum to drop below $1,790. According to Bluntz, the lower timeframes are rather bleak for ETH.
Returning to Litecoin, Bluntz says on a chart that the 11th largest crypto asset by market cap has completed a three-wave retracement pattern at a key Fibonacci retracement level. Accordingly, he suggests that LTC is on its way to move above $102. Litecoin is trading at $99.82 at the time of this writing.
2 Altcoin’s bullish status
cryptocoin.com When we look at the market, we saw that an altcoin wind was blowing in the market after yesterday’s XRP decision. In fact, it was an external effect on the market. The market welcomed the decision very positively. However, there were also those who drew attention to different aspects of the decision. The author of these lines also stated that the decision is different for XRP and Ripple.
While there is such an atmosphere in the market, it is of course important that Bluntz forecasts a sharp increase for 2 altcoins. However, the existence of such upward realizations depends on the persistence of the optimistic mood in the market.
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