A closely followed crypto strategist says one under-the-radar decentralized finance altcoin looks ready for a big upside move.<\/p>\n
Pseudonymous analyst Credible Crypto tells his 403,900 followers on the social media platform X that he\u2019s bullish on the native asset of the decentralized exchange and automated market maker Convex Finance (CVX<\/a>).<\/p>\n The trader shares a chart suggesting that CVX is primed to ignite a wave-three surge against the US dollar.<\/p>\n \u201cI think an explosive move for CVX is just around the corner.<\/em><\/p>\n With the BTC pairing approaching major demand\/support and the USD pairing already bouncing off of it \u2013 I think we are approaching a short window of outperformance on CVX.<\/em><\/p>\n Targeting $4.70 to start.\u201d<\/em><\/p>\n Credible practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge. According to the theory, wave three is the strongest and most impulsive wave of the rally.<\/p>\n Based on the trader\u2019s chart, he appears to predict that CVX\u2019s wave three rally will push the coin toward the $4.40 level before a wave four pullback and a fifth wave surge at around $7.<\/p>\n At time of writing, CVX is trading for $2.98, up nearly 25% in the past day.<\/p>\n Turning to XRP<\/a>, the analyst predicts one more leg down for the altcoin prior to a big breakout rally toward $1.<\/p>\n \u201cFor now, we are still in a ranging environment \u2013 but if we get $0.50 or below again (green zone) I\u2019ll be interested in a potential trade.\u201d<\/em><\/p>\n At time of writing, XRP is worth $0.597.<\/p>\n As for Ethereum (ETH<\/a>), Credible sees a scenario where the leading altcoin takes a dip below $2,800. But he notes that the correction will only take place if Bitcoin (BTC<\/a>) shows weakness.<\/p>\n \u201cThis still makes the most sense to me. Would need a correction on Bitcoin for this to happen though so let\u2019s see what we get.\u201d<\/em><\/p>\n At time of writing, Ethereum is trading at $3,471, up over 1% on the day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto strategist says one under-the-radar decentralized finance altcoin looks ready for a big upside move. Pseudonymous analyst Credible Crypto tells his 403,900 followers on the social media platform X that he\u2019s bullish on the native asset of the decentralized exchange and automated market maker Convex Finance (CVX). The trader shares a chart […]<\/p>\n","protected":false},"author":2,"featured_media":351640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-351636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/351636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=351636"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/351636\/revisions"}],"predecessor-version":[{"id":351642,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/351636\/revisions\/351642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/351640"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=351636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=351636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=351636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
Check Price Action<\/a><\/span><\/em>
\n
Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
Surf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
\n![](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\")
<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/GTHxH6iXMAAva11?format=jpg&name=4096x4096\")
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/GTEM9WwbsAAjGTl?format=jpg&name=large\")