Crypto Expert Analyzes Market Patterns and Key Price Levels for FLOKi, DOGE and ETH
Read more: Crypto Expert Analyzes Market Patterns and Key Price Levels for FLOKi, DOGE and ETH
He points out a flag pattern on the three-hour chart, which suggests a possible 37% decline if the trend breaks downward.
In technical analysis, flag patterns can indicate either upward or downward movement depending on their placement within a trend, and in this case, Martinez sees a bearish setup.
Shifting focus to Dogecoin, he highlights an ascending triangle pattern forming on the one-hour chart. Typically considered a bullish sign, this pattern suggests upward momentum if DOGE can break past key resistance.
For Ethereum, Martinez notes that the asset must climb roughly 22% to confirm a bullish trend.
Data from IntoTheBlock suggests that the $2,400 level could act as a major resistance zone, as millions of addresses currently hold ETH at a loss near this price and may sell to break even.
The post Crypto Expert Analyzes Market Patterns and Key Price Levels for FLOKi, DOGE and ETH appeared first on Coindoo.
Text source: Coindoo
