A broadly adopted strategist is saying that he’s bullish on the Ethereum (ETH) scaling answer Polygon (MATIC) whereas providing his outlook on three different crypto belongings.
The crypto strategist pseudonymously referred to as Bluntz tells his 229,400 followers on the social media platform X that Polygon has extra upside potential.
Bluntz says that Polygon witnessed an “immaculate vertical accumulation” over the weekend – or a sequence of upper highs and better lows which generally signifies a bullish development.
The analyst shares a chart that reveals MATIC surging to his goal of $1.
“Loads of juice within the tank for my part, could be focusing on not less than new highs.”
Polygon is buying and selling at $0.777 at time of writing, up over 4% up to now day.
Turning to Bitcoin (BTC), the pseudonymous strategist says that he expects the flagship crypto asset to rally after finishing the final leg down of a triangle sample.
“Noticed a number of BTC doom and gloom posts however the reality is, it’s nonetheless ranging and contracting in three-wave strikes.
My bias is that this breaks up and at this time’s flush was the ultimate E wave of a triangle.”
Bitcoin is buying and selling at $37,310 at time of writing, up over 2% within the final 24 hours.
Subsequent up is Ethereum. Bluntz says that the second-largest crypto asset by market cap might witness a powerful burst to the upside if it manages to take out a key resistance stage that has held for over a 12 months.
“I don’t know precisely when this $2,180 ETH resistance offers approach however when it does, it is going to be 525 days of pent-up frustration able to blow.”
Ethereum is buying and selling at $2,062 at time of writing.
As for Solana (SOL), the pseudonymous strategist says that the sixth-largest crypto asset by market cap is primed to print a brand new 2023 excessive after finishing an ABC correction and respecting help at round $51 regardless of flashing a possible breakdown from a head and shoulders reversal sample.
“I feel head and shoulder bros are about to get baited huge time on SOL.”
Solana is buying and selling at $57.96 at time of writing, nicely above the underside of the latest corrective transfer.
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