A widely followed cryptocurrency analyst and trader says three Ethereum competitors have more room for growth than the smart contract platform Solana (SOL).
The pseudonymous analyst known as Smart Contracter tells his 183,000 Twitter followers that Ethereum (ETH) itself will reach a new all-time high (ATH) after correcting in a three-wave ‘A, B, C’ pattern as defined in the Elliott Wave Theory.
The theory states that price trends move in a 5-wave pattern of sentiment waves labeled 1 through 5, while the countertrend moves in a three-wave pattern labeled A-B-C.
“Nice clean abc down done on ETH with a prior ATH retest on the weekly, I reckon we’ve bottomed and see ATH from here, I am long and strong.”
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