A widely followed analyst is predicting big moves to the upside for one Ethereum (ETH)-based altcoin and one artificial intelligence (AI) token.
Pseudonymous analyst Bluntz tells his 222,100 Twitter followers that blockchain indexing protocol The Graph (GRT) could soar by about 30% from its current value of $0.14.
The trader says GRT is setting the stage for a rally to $0.19 as it breaks to the upside out of a descending triangle.
“Besides ETH I think GRT is probs one of my biggest bags, this chart is gagging for a monster move upwards in my opinion and I’m positioned for it.”
Next, the crypto strategist says the AI-focused project Fetch.ai (FET) is likely to surge by more than 50% from its current value of $0.36.
He says that after FET has broken out of three downward triangle resistance levels it is poised to soar to $0.55.
“Another I like is FET, literally so many crazy bullish charts out there, feels like we’re almost at the stage where we can start punting longs blindfolded I think.”
Lastly, the crypto trader weighs in on this month’s planned Shanghai upgrade for the Ethereum ecosystem, which will allow investors to sell their staked ETH. He says the upgrade could trigger a run to the upside similar to a run by Bitcoin (BTC) in 2019, noting a similarity in their price action patterns.
“The ole ETH Shanghai upgrade is the perfect psyops to [fear, uncertainty, and doubt] people out of generational longs, it’s the perfect wall of worry scenario.
When ETH inevitably breaks out from $2,000 you’ll want to be positioned accordingly because unfortunately, I doubt there will be retests.
It’ll most likely be a straight up GOD candle candle like BTC in 2019.”
Ethereum is trading for $1,912 at time of writing, up 2.5% in the past 24 hours.
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