dailyhodl.com
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.
Generated Image: Midjourney