A widely followed cryptocurrency analyst and trader is leaning bullishly on the second-largest memecoin by market cap.
The analyst, pseudonymously known as Bluntz tells are 302,600 followers on the social media platform that has existed since March.
“shib god candle loading”
The widely followed analyst continues say,
“I am convinced of retail [investing crowd] is going to pump SHIB when the meme bid comes back because it’s a dinosaur coin they still have in their wallet from the last cycle.
SHIB is trading at $0.0000316 at the time of writing.
Against his Bitcoin (BTC) pair, Bluntz say that Shiba Inu is in a “bargain basement price zone.”
The analyst also leans bullishly on Dogecoin. According to for the analyst who regularly applies Elliott Wave theory in his technical analysis, Dogecoin has formed a five-wave pattern on the four-hour chart of its US dollar pair and the eight-hour chart of its Bitcoin pair.
According to Elliott Wave theory, the main trend of an asset’s price moves in a five-wave pattern, while a correction occurs in a three-wave pattern.
“This is the last chance to get good participation in DOGE before the breakout, all waves within the triangle were responsible for the USD and BTC pair.
Don’t say you weren’t warned.”
Dogecoin is trading at 0.00000430 BTC ($0.436) at the time of writing.
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