Wednesday, December 25, 2024

Dealer Predicts ‘God Candle’ Breakout for Ethereum, Says New All-Time Excessive Loading for One Memecoin

A well-liked crypto analyst thinks that Ethereum (ETH) is on the verge of printing a large breakout rally often known as a god candle.

Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum’s two-hour chart seems just like Bitcoin’s (BTC) value motion during the last two weeks.

The analyst says that whereas Ethereum struggles to clear resistance at $4,000, he notes that BTC additionally had hassle breaching $100,000 for weeks earlier than surging to new all-time highs.

“Identical value motion, however with one distinction.

God candle after the breakout.

ETH.”

Image
Supply: Inmortal/X

Based mostly on the dealer’s chart, he appears to foretell that ETH will surge near its all-time excessive of $4,800 after the breakout. At time of writing, ETH is price $3,892.

The dealer additionally has his radar locked on the memecoin Floki (FLOKI). In keeping with the dealer, FLOKI seems to be buying and selling in a symmetrical triangle sample and is gearing as much as shatter the construction’s diagonal resistance en path to new document highs.

“Second leg up – loading.
New ATH – loading.
Worth discovery – loading.

FLOKI.”

Image
Supply: Inmortal/X

Based mostly on the dealer’s chart, he appears to foretell that FLOKI will explode to a brand new all-time excessive of $0.00038. At time of writing, FLOKI is price $0.000219.

Taking a look at Solana (SOL), the dealer sees the Ethereum rival bursting above its diagonal resistance to rally towards $300.

“One thing like this.

SOL.”

Image
Supply: Inmortal/X

At time of writing, SOL is price $222.60.

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