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156 shares, 369 points

Famous crypto analyst and trader Scott Melker shares his analysis of Dogecoin (DOGE), revealing the possibility of a significant DOGE breakout. In addition, the analyst also explains his Cradano and ETH forecasts. Let’s examine the analyzes of the famous trader Scott Melker together…

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Scott Melker: Dogecoin can see these levels by leaping!

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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 move, they should do so soon. Famous trader Scott Melker adds the following to his explanations on the subject:

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Potential bull pennant from lows. Aim for about 0.38 if it breaks the decreasing blue resistance. Great if. Pennants often break support and form flags. Also, he needs to move as soon as possible or the flag gets a little too long.

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Source: Scott Melker/Twitter

Scott Melker: Popular altcoin Cardano shows signs of life

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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 may continue to climb towards key resistance areas at the $1.60 and $1.85 levels. Famous trader Scott Melker adds the following to his explanations on the subject:

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It took a while to start showing strength after the break, but it looks like it will continue to push. The key levels were signs.

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Source: Scott Melker/Twitter

Famous trader Scott Melker: Ethereum price should turn this level from resistance to support!

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As for the top smart contract platform itself, Scott Melker believes that if Ethereum can turn the $2,290 level from resistance to support, ETH could rise as high as $3,000. Famous trader Scott Melker adds the following to his explanations on the subject:

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ETH/USD. The retest of $2,042 that I discussed a few days ago was successful. Clear the decreasing blue resistance at the same point and retest e. Flip the EQ (midpoint) of the range and put the $3,000 back into play. The dashed line is all ball game for now.

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Source: Scott Melker

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 Partnerships and Listings! Here are the details… You can review our article.

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