Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst
The post Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst appeared on BitcoinEthereumNews.com.
One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility. NOT is a community token for the popular Telegram-based tap-to-earn mining game Notcoin. Says Martinez, “Increased buying pressure could potentially push NOT toward $0.012 to $0.014.” Source: Ali Martinez/X With NOT trading at $0.000976 at time of writing, a jump to $0.014 would represent a gain of more than 40%. The 86th-ranked crypto asset by market cap is already up over 13% in the past 24 hours. Martinez also notes the decentralized finance (DeFi) protocol Maker (MKR) appears to be forming an inverse head and shoulders pattern in the four-hour time frame. An inverse head and shoulders structure is typically considered a bullish reversal pattern as it indicates that buyers are no longer waiting for prices to revisit recent lows before stepping in. The analyst notes the pattern indicates a possible 12% breakout for MKR, which is trading at $1,700 at time of writing. The 65th-ranked crypto asset by market cap is up over 5% in the past 24 hours. Source: Ali Martinez/X Conversely, Martinez notes that the Tom DeMark (TD) Sequential indicator presented a bearish signal on the daily chart for LINK, the native asset of the decentralized oracle network Chainlink. The signal indicates the possibility of a brief correction. Source: Ali Martinez/X Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. LINK is trading at $12.72 at time of writing. The 17th-ranked crypto asset by market cap…
Filed under: News - @ September 29, 2024 12:01 am