A widely followed crypto trader believes that one top-10 altcoin could double in price amid a crypto market bounce.<\/p>\n
Pseudonymous crypto analyst Bluntz tells<\/a> his 223,000 Twitter followers that he is “liking” Solana (Sol<\/a>) after the Ethereum (eth<\/a>) competitor completed an Elliot Wave Theory three-wave correction pattern as well as bounced from a major support level.<\/p>\n According to the Elliott Wave theory, the main trend in the price action of an asset occurs in a five-wave pattern while a correction occurs in a three-wave pattern.<\/p>\n \u201cOne of the altcoins I’m liking here is SOL.<\/em><\/p>\n Solid strong reaction from a major support level, clean three-wave move down on higher time frames.<\/em><\/p>\n I think this has potential for 100% upside and I rarely call shit like that.”<\/em><\/p>\n Solana is trading at $16.75 at the time of writing.<\/p>\n Turning to Bitcoin (BTC<\/a>), the pseudonymous analyst says<\/a> that the flagship crypto asset is flashing a bullish signal on the daily chart.<\/p>\n \u201cBeautiful downtrend\/bull flag breakout on daily.<\/em><\/p>\n I think it’s time to start taking some more risks again.”<\/em><\/p>\n A bull flag pattern typically signals that the uptrend which was underway prior to the price descent is about to resume.<\/p>\n Bitcoin is trading at $28,840 at the time of writing.<\/p>\n Don’t Miss a Beat SUBSCRIBE<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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