A widely-followed cryptocurrency analyst is expressing bearish sentiment on two Ethereum (ETH)-competing altcoins.
Pseudonymous crypto analyst Capo tells his 263,800 Twitter followers that the prices of two layer-1 platforms could fall by over 50% from the current levels.
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Capo says that against the US dollar, FTM could drop to at least $0.35 in a three-wave corrective move based on the Elliott Wave Theory. The theory states that the main trend of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
Pair against BTC keeps looking bearish as fuck, and it broke the major