The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin.
The pseudonymous trader known as Capo told his 690,000 Twitter followers in May that ຄື້ນ could be the “next LUNA,” the native token of the Terra ecosystem which went to zero in the same month.
Now, Capo says that his ໂທ on WAVES could be coming to fruition and that the altcoin’s recent downward move could just be getting started.
“Just the beginning.”
Capo is short to medium-term bearish on crypto in general, and is expecting another sizeable haircut for altcoins before the bear market finds a bottom.
“Altcoins look like they could dump 50-80% easily. Remember, there will always be a trigger (expect bad news soon) but charts always talk first.
ປອດໄພ.”
ຊອກຫາຢູ່ໃນ Bitcoin (BTC), Capo is predicting a drop to around $12,000, or which is about 30% down from current prices.
“BTC simple.”
As for Ethereum, Capo says that current price action is typical bearish, and appears to believe that ETH is about to break down to its next support level at $1070.
However, the popular trader and analyst has previously ເອີ້ນວ່າ for Ethereum to drop as low as $600, perhaps triggered by some type of bad news.
“ທ່າອ່ຽງຍັງຫຼຸດລົງ. ຕົວຊີ້ວັດແມ່ນຊີ້ໃຫ້ເຫັນເຖິງເຫດການ capitulation ເຕັມ. ຂ່າວຮ້າຍຄວນຈະມາໃນໄວໆນີ້. ETH $600-$650. Altcoins ຫຼຸດລົງ 50%-70% (s**tcoins ຫຼາຍກວ່ານັ້ນ). ຮັກສາຄວາມປອດໄພ, ສິ່ງຕ່າງໆອາດຈະຂີ້ຮ້າຍຫຼາຍ.”
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Source: https://dailyhodl.com/2022/12/18/analyst-that-called-last-crypto-collapse-says-ethereum-based-altcoin-mirroring-terra-luna-crash/