Unexpectedly, a popular crypto-strategist is bullish about an altcoin that’s connected with a viral Telegram game.
Ali Martinez, an analyst on social media platform X, tells his 77.300 followers that Notcoin’s (NOT), current price could rise by 100%.
Notcoin has a good risk/reward ratio. It could be ready for a breakout bullish towards $0.012 !”.
The falling wedge pattern is a type of technical analysis that can be used to determine if an asset is about to make a bullish price reversal. This pattern is formed by lower highs, lower lows forming a wedge pattern.
The distance between highs and lowers will decrease as the pattern advances, indicating that selling pressure has weakened. It’s considered bullish when the price moves past the upper trendline of the wedge.
Not is currently trading at $0.006, up 7.9% over the past 24 hours.
Ethereum (ETH) could also soon reach $6,000.
The risk/reward ratio of Ethereum makes it too tempting to take a position. My stop is below $1,880. I am targeting a $6,000 target .”
The analyst says that ETH has been holding on to the lower trendline of the ascending slant as a support. It could be testing the upper limit at $6,100 in the near future.
The analyst believes that Dogecoin’s (DOGE), in part due to Elon Musk, may experience a massive rally. Musk, one the most prominent memecoin supporters, has become close with Donald Trump after playing a part in his election.
Analysts also believe DOGE could repeat an historic pattern, based on Fibonacci Extensions. Traders use Fibonacci Extensions in technical analysis for estimating profit targets and pullbacks. These are calculated using Fibonacci numbers.
Dogecoin may be in for an exciting ride, with Elon Musk influencing Donald Trump as the 47th president. Once DOGE had broken the Fibonacci 0.50 retracement in previous bull cycles it would often rally to the Fib 1.618 and even 2.272 levels. If the past repeats itself, DOGE could hit between $4 and $25!
Dogecoin has increased by 15% over the past 24 hours to $0.1969.
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As new information becomes available, the post Trader says Telegram Gaming Token primed to rally by nearly 100% and Updates on Ethereum and Dogecoin might be updated.
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