Crypto Analyst Bluntz Predicts Over 40% Surge for Chainlink (LINK), Offers Bullish Insights on Solana (SOL)
The post Crypto Analyst Bluntz Predicts Over 40% Surge for Chainlink (LINK), Offers Bullish Insights on Solana (SOL) appeared first on Coinpedia Fintech News
In the ever-evolving realm of cryptocurrency Bluntz, the visionary analyst who accurately pinpointed the 2018 Bitcoin bear market bottom, is making waves again with bullish predictions. This time, the spotlight is on Chainlink (LINK) & Solana (SOL), as Bluntz decodes multiple bullish signals flashing on the eight-hour chart.
Chainlink’s Bullish Signals
Analyzing the eight-hour chart, Bluntz points to multiple bullish reversal signals for Chainlink. In a recent update, he notes that LINK has completed a significant fifth wave down, creating a bullish divergence.
ok $link swept 13.9 one final time and made the 5th wave down for C and beautiful HTF divs aswell
I believe this is a major wave 4 low now in.
$20 en route, RIP anyone who capitulated.
long with me for financial freedom
https://t.co/zHX9WYRMOM pic.twitter.com/zI6MxlJAsw
— Bluntz (@Bluntz_Capital) December 18, 2023
According to his analysis using the Elliott Wave theory, a method based on crowd psychology manifesting in waves, Bluntz believes that LINK has found a major wave four low. He boldly predicts a rally to $20, a level not seen since January 2022, and remarks, “RIP anyone who capitulated.”
As of the latest data, LINK is currently trading at $14.27, implying a potential surge of over 37% if it reaches Bluntz’s target.
Solana’s Impending Breakout
Shifting focus to Solana, Bluntz suggests that the altcoin is gearing up for a breakout against Bitcoin, indicating that its US dollar pair may witness substantial rallies. Observing Solana’s SOL/BTC chart, Bluntz notes a recent attempt to break a bull flag after a brief consolidation period.
He anticipates that when the 37-day range breaks, Solana could experience a significant upward movement, potentially the steepest leg yet. Further, Bluntz projects Solana’s trajectory reaching heights of approximately $85.
As of now, SOL stands at $74.73, awaiting the symphonic surge that Bluntz envisions.
Bluntz’s seasoned history of navigating crypto market waves adds credence to these latest forecasts. As the crypto community tunes in to the orchestrated movements of Chainlink and Solana, the question lingers: will Bluntz once again conduct a successful performance, guiding investors through the unpredictable cadence of the cryptocurrency landscape?
