Analyst predicts strong gains for Notcoin, Ethereum, and Dogecoin
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.
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.
You may also like
Russia approves cryptocurrency taxation framework, two-stage taxation system for miners
Cardano Foundation spent $23.7 million in 2023, with total assets of $478.24 million
Metaplanet’s Bitcoin holdings have $28 million in unrealized profits
JPMorgan Chase: The Fed will only take tightening action if inflation returns to or exceeds 4%