Crypto Strategist Ali Martinez Predicts 100% NOT Upswing, ETH to Hit $6K, and DOGE May Repeat Historic Rally

A popular crypto strategist is suddenly flipping bullish on an altcoin connected to a viral game on the encrypted messaging platform Telegram.

Crypto strategist Ali Martinez has recently shifted his outlook to bullish on Notcoin (NOT), an altcoin associated with a popular viral game on Telegram.

In a post shared with his 77,300 followers on the social media platform, Martinez suggests that NOT could experience a 100% surge from its current value.

“Notcoin is setting up a nice risk-to-reward play. Falling wedge pattern forming, could be looking at a bullish breakout to $0.012!”

According to the analyst, a falling wedge breakout is a technical analysis pattern used to identify bullish reversals in an asset’s price. The pattern is characterized by a series of lower highs and lower lows that form a wedge-shaped pattern on the chart.

As the pattern progresses, the distance between the highs and lows decreases, indicating that the selling pressure is weakening. When price breaks out of the upper trend line of the wedge, it’s traditionally considered bullish.

At the time of writing, NOT is trading at $0.006, up 7.9% over the last 24 hours.

Shifting his attention to Ethereum (ETH), the analyst expresses optimism, suggesting that the second-ranked crypto by market cap could ascend to $6,000.

“Risk-to-reward on ETH is looking great for a long, setting my stop below $1,880 and aiming for $6,000.”

Based on the analyst’s chart analysis, ETH appears to be finding support at the lower trend line of the ascending channel and could soon re-test the upper bound at around $6,100.

Next on the analyst’s radar is Dogecoin (DOGE), which he anticipates could witness an explosive rally, thanks in part to billionaire Elon Musk.

With Musk, a known supporter of the memecoin, now close to US President-elect Donald Trump, after playing a role in his election, the analyst suggests that DOGE may be poised for a strong ride.

Additionally, the analyst points to a historical pattern based on Fibonacci extensions, commonly used by traders in technical analysis to estimate profit targets and price pullbacks. Fibonacci extensions are derived from Fibonacci ratios.

“And with Elon now advising the 47th President, Donald Trump, Dogecoin could be set for an insane rally.

In past bull cycles, once DOGE broke the 0.50 Fib retracement, it usually rallied to the 1.618 or even 2.272 Fib levels. If history repeats, we’re looking at DOGE hitting anywhere from $4 to $23!

Dogecoin is trading up 15% over the last 24 hours at $0.1969.

The above is the detailed content of Crypto Strategist Ali Martinez Predicts 100% NOT Upswing, ETH to Hit $6K, and DOGE May Repeat Historic Rally. For more information, please follow other related articles on the PHP Chinese website!