A widely followed analyst is predicting big moves higher for an Ethereum (ETH)-based altcoin and artificial intelligence (AI) token.
Pseudonymous analyst Bluntz tells his 222,100 Twitter followers that blockchain indexing protocol The Graph (GRT) could skyrocket 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 of a descending triangle.
“Other than ETH, I think GRT is probably one of my biggest bags, this chart is eager for a monster move higher in my opinion and I’m positioned for it.”
Next, the crypto strategist says that the AI-focused project Fetch.ai (FET) is likely to rise by more than 50% from its current value of $0.36.
He says which after FET has broken out of three resistance levels of the descending triangle, it is about to spike to $0.55.
“Another one I like is FET, there are literally so many crazy bullish charts out there, it looks like we are almost at the stage where we can start betting longs blindfolded I think.”
Finally, the cryptocurrency trader weight participate in this month’s planned Shanghai upgrade for the Ethereum ecosystem, which will allow investors to sell their staked ETH. He says the update could trigger a bull run similar to that of Bitcoin (BTC) in 2019, noting a similarity in their price action patterns.
“Ole ETH Shanghai upgrade is the perfect psyop for [fear, uncertainty, and doubt] people outside of generational longings, it’s the perfect wall of worry scenario.
When ETH inevitably breaks above $2,000, you will want to be positioned accordingly because unfortunately I doubt there will be any further evidence.
It will most likely be a direct GOD candlestick like BTC in 2019.”
Ethereum is trading at $1,912 at the time of writing, up 2.5% in the last 24 hours.
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