Top Crypto Analyst Issues Bullish Alert, Says Ethereum Rival Could Blow 100%

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A widely followed crypto trader believes that a top 10 altcoin could double in price amid a crypto market rebound.

Pseudonymous crypto analyst Bluntz tells his 223,000 Twitter followers he loves Solana (SOL) after the Ethereum (ETH) competitor completed a three-wave correction pattern from Elliot Wave Theory and rebounded from a major support level.

According to Elliott Wave Theory, the main trend of an asset’s price action occurs in a five-wave pattern, while a correction occurs in a three-wave pattern.

“One of the altcoins I like here is SOL.

Strong and solid reaction from a major support level, three wave clean move down on high timeframes.

I think it has 100% upside potential and I rarely call shit like that.

Source: Bluntz/Twitter

Solana is trading at $16.75 at the time of writing.

Regarding Bitcoin (BTC), the pseudonymous analyst claims that the flagship crypto asset is showing a bullish signal on the daily chart.

“Nice breakout from downtrend/bull flag everyday.

I think it’s time to start taking more risks again.

Source: Bluntz/Twitter

A bull flag pattern usually signals that the uptrend that was underway before the price drop is about to resume.

Bitcoin is trading at $28,840 at the time of writing.

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