Famous cryptocurrency analyst and trader Scott Melker shares his Dogecoin (DOGE) analysis, revealing the possibility of a valuable DOGE breakout. In addition, the analyst also explains the claims of Cradano and ETH. Let’s examine the analyzes of the famous trader Scott Melker together…
Scott Melker: Dogecoin can see these levels by leaping!
Veteran cryptocurrency trader Scott Melker tells his nearly 500,000 Twitter followers that if DOGE can break through the immediate resistance at $0.26, the altcoin could rise 58% to $0.38. However, the analyst says that if the bulls want to make a breakthrough, they should do so soon. Famous trader Scott Melker adds the following to his explanations for the bet:
Potential bull pennant from lows. Aim for about 0.38 if it breaks the decreasing blue resistance. Great if. Pennants often break the footing and form flags. Also, he needs to move as soon as possible or the flag will stretch a little too long.
Scott Melker: Recognized altcoin Cardano shows signs of life
According to CoinMarketCap, at the time of writing, the DOGE price is trading at $0.24. Scott Melker also looks at Cardano’s chart (ADA) and states that the Ethereum rival is showing signs of life and it may indeed continue to climb to key resistance areas at $1.60 and $1.85. Famous trader Scott Melker adds the following to his explanations on the subject:
It took a while to start showing strength after the middle, but it looks like it will continue to push. Key levels are marked.
Famous trader Scott Melker: Ethereum price should turn this level from resistance to reinforcement!
As for the most proficient smart contract platform itself, Scott Melker believes that if Ethereum can turn the $2,290 level from resistance to reinforcement, ETH could rise as high as $3,000. Famous trader Scott Melker adds the following to his explanations:
ETH/USD. The test of $2,042, which I discussed a few days ago, was successful again. Clear the decreasing blue resistance at the same spot and retest. Flip the EQ (midpoint) of the range and bring the $3,000 back into play. The dashed line is all ball game for now.
According to CoinMarketCap, Ethereum is currently hovering at $2,283, a few dollars below Scott Melker’s key level. Cryptocoin. com
As we previously reported as , for more altcoin news “This Altcoin Takes Off With New Affiliates and Listings! Here are the details… ” You can review our article.
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