Two Master Analysts Gave Goals for These 3 Altcoins: They Expect a Rally!

An analyst known for his successful altcoin bets thinks a chest coin is poised for a major upside breakout. Another well-known analyst predicts big rallies for two DeFi altcoins.

Analyst expects 50% rally from WIF: Here are their targets!

cryptokoin.com As you can see from , the market lost its momentum and started to fall. Features chest coins face deep losses. However, analysts say that some tokens are preparing to jump. The crypto analyst with the pseudonym Bluntz thinks that while there may be a medium-term bearish trend on chest token dogwifhat (WIF), the altcoin is poised for a big bounce. According to Bluntz, WIF is showing numerous bullish signals suggesting that it may witness a relief rally before resuming the downtrend. In this context, the analyst shares the following assumptions:

While I think WIF looks baked and doomed to $1 in the high time frame, I also believe a 50% bounce could be in the cards first. On the four-hour, eight-hour and 12-hour charts we can see five waves down from the high below $4 and nice bullish divergences. We expect a countertrend ABC around $3-3.4 for everyone to bounce back again. I think it is definitely not reasonable to short these levels.

Source: Bluntz

Bluntz applies Elliott Wave theory, a technical analysis approach. This theory attempts to predict future price movements by following crowd psychology, which tends to occur in waves. According to theory, a downtrend asset will often witness a five-wave downward move followed by a three-wave ABC upper correction. Based on its chart, the analyst predicts that WIF has completed a five-wave downward move and is now ready to spark an ABC bounce. But after the bounce, Bluntz predicts WIF will drop to around $1.

Credible Crypto predicts a rally for these 2 altcoins

The analyst with the pseudonym Credible Crypto, known for his contrarian crypto assumptions, says he is bullish on Curve (CRV) and Convex Finance (CVX). Curve Finance is a decentralized exchange focused on stablecoins. Convex supports Curve by optimizing the returns of locked tokens. According to the analyst, both altcoins are in a position to rise following the liquidation of Curve founder Michael Egorov on June 13. In this regard, the analyst says the following:

I see lower time frame impulses on CRV and CVX. It’s probably time for the big recovery to begin. Now that Michael Egorov has been liquidated, this bulge is out of the picture. I think the rulers of DeFi can now act freely.

Price targets for CRV and CVX

Both CRV and CVX have been on the rise since Egorov’s liquidation last week. CVX rose over 157% to $4.77 on June 17 from last week’s low of $1.85. According to Credible, CRV will follow in the footsteps of CVX. In this context, the analyst said, “A real flight to quality/utility is coming. “I think CRV will follow suit.” says. While CVX has pulled back since its recent highs, Credible notes that both altcoins have much more room to make a run on the upside. In this context, the analyst points to the following prices for two altcoins:

$2 for CRV and $15 for CVX are the most important resistance areas. Profits will probably be made from leveraged long positions at these levels. We’re keeping a spotlight on new all-time highs.