A popular crypto trader and analyst names two altcoins that he believes have the greatest potential for upward movement once the market recovers.
The pseudonymous analyst known in the industry as a smart contracter says the decentralized finance (DeFi) logs are likely to be the Aave (AAVE) and Synthetix (SNX) given the strength they have held compared to other altcoins during the recent market correction most will appreciate.
Bluntz notes that most DeFi blue chips saw higher lows (HLs) instead of lower lows (LLs), and therefore expect a double-digit increase.
“#DeFi blue chips like $ AAVE $ SNX et al. will likely bounce the most as they dumped the least.
Most did not even do LLs, but HLs and expected potentially 30% + bounces from here. “
The trader tells its 107,600 followers that it expects Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) to soar in price in the first week of March before the fall.
“This is how I see price movements in the next week or two.
I have $ ETH on my chart, but structurally, $ BTC and $ LTC are both identical.
I essentially expect this coming week to retrace some of the inevitable weekly devour before another final leg falls down. “
Bluntz also predicts Bitcoin will hit nearly $ 50,000 in the first week of March before dropping below $ 40,000 in the middle of this month, according to the charts attached to the tweets.
In the case of Ethereum, Bluntz sees a rebound before the second largest crypto by market cap encounters resistance around $ 1,600.
Ethereum will then fall and find support at just over $ 1,000 before rebounding to hit an all-time high above $ 2,200.
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