Crypto Trader Warns 50% Drop Will Slam Two Ethereum Rivals, Predicts Massive Capitulation Incoming

Crypto Trader Warns 50% Drop Will Slam Two Ethereum Rivals, Predicts Massive Capitulation Incoming


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.

Starting with Fantom (FTM), Capo says that the native token of the smart contract-enabled blockchain is flashing bearish signals when paired against Bitcoin (BTC).

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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.

“FTM

Pair against BTC keeps looking bearish as fuck, and it broke the major

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