According to a well-known crypto analyst, a Telegram gaming token is likely on its way up.
Ali Martinez informs 72,600 of his followers via the social media platform X, that Notcoin flashed a positive signal in its Supertrend indicator, which gives buy/sell signals based upon price movement and volatility.
Notcoin is the most popular tap-to earn mining game on Telegram.
Says Martinez,
The price of NOT was $0.000976 when this article was written. A jump to $0.014 represents a gain greater than 40%. This 86th ranked cryptocurrency by market capitalization is up more than 13% over the last 24 hours.
Martinez notes that the Maker protocol (DeFi), which is a decentralized financial (DeFi), appears to have formed an inverse head-and-shoulders pattern within the 4-hour timeframe. Inverse head-and-shoulders patterns are typically bullish as they indicate that investors no longer wait for the price to return to recent lows.
Analyst notes that the pattern suggests a potential 12% break out for MKR which was trading at $1700 when this article was written. Over 5% has been added to the 65th ranked cryptocurrency by market capital in the last 24 hours.
Martinez, on the other hand, notes that Tom DeMark’s (TD) Sequential Indicator presented a negative signal for LINK – the native asset in the Chainlink decentralized oracle. This signal suggests that a short correction is possible.
Traders can use the TD Sequential Indicator for predicting potential trend reversals based on their closing price of the 13 bars or candles that preceded the token.
LINK was trading at $12.72 when this article was written. In the last 24 hours, the 17th-ranked cryptocurrency asset based on market capital has gained more than 1 percent.
Do not miss a beat – Get email alerts sent directly to your mailbox.
Image generated: midjourney
Crypto Analyst says Telegram Gaming Token could surge by over 40% based on trend indicators. This article appeared first on the ICD.
This site is for entertainment only. Click here to read more
