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Analyst predicts strong gains for Notcoin, Ethereum, and Dogecoin

Analyst predicts strong gains for Notcoin, Ethereum, and Dogecoin

GrafaGrafa2024/11/08 04:00
By:Mahathir Bayena

Crypto analyst Ali Martinez has expressed a bullish outlook on Notcoin (CRYPTO:NOT), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE).

Sharing insights with his 77,300 followers on the platform X, Martinez noted that Notcoin could surge 100% from its current price of $0.006.

“Notcoin is showing a promising risk-to-reward setup. With a falling wedge pattern forming, it could be primed for a bullish breakout toward $0.012,” he highlighted.

A falling wedge pattern typically signals a bullish reversal as it forms with decreasing highs and lows, suggesting waning selling pressure.

A breakout above the upper trend line is considered a positive signal.

Martinez is similarly optimistic about Ethereum, predicting it could reach $6,000.

“The risk-to-reward ratio on Ethereum is too good to pass up for a long position! I’ve set my stop below $1,880 and am aiming for a target of $6,000,” he shared.

His chart indicates that ETH is holding support at the bottom trend line of an ascending channel, potentially setting up a move to retest the upper bound near $6,100.

The analyst also foresees a potential rally for Dogecoin, driven by Elon Musk's influence and his connection to President-elect Donald Trump.

“With Elon Musk now influencing the 47th President, Donald Trump, Dogecoin could be primed for a wild ride!” Martinez mentioned.

He cited Fibonacci extension patterns that suggest DOGE could climb to levels between $4 and $23 if historical trends are repeated.

At the time of reporting, the Notcoin price was $0.0064, the Ethereum price was $2,902.51, and the Dogecoin price was $0.1926.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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