Technical Analysis
A respected crypto analyst, Bluntz, believes the memecoin WIF is poised for a 50% rally. Despite his long-term bearish outlook, he sees a short-term bounce coming.
Bluntz uses Elliott Wave theory, which predicts price action based on crowd psychology. He believes WIF has completed a five-wave downtrend and is now ready for a three-wave ABC correction upward.
Price Targets
Bluntz expects WIF to rise to around $3-3.4 before continuing its decline. At the time of writing, WIF is trading at $2.57.
Short-Term Strategy
Bluntz advises against shorting WIF at these levels, as the bounce could catch traders off guard. He recommends waiting for the bounce to play out before considering short positions.
Disclaimer
Bluntz’s analysis is not investment advice. Investors should conduct their own research before making any decisions.
