As a seasoned crypto investor with a keen interest in technical analysis, I find Ali’s tweet intriguing. The TD Sequential indicator has been a reliable tool for me in identifying potential turning points in the market trends of various digital assets. The buy signals on Shiba Inu (SHIB), Cardano (ADA), and Solana (SOL) suggest that these altcoins might be on the verge of a significant price rebound.
According to cryptocurrency analyst Ali’s recent tweet, Shiba Inu (SHIB), Cardano (ADA), and Solana (SOL) may experience a notable price recovery based on the TD Sequential indicator’s buy signals appearing on their daily charts. This potential upswing could be around the corner.
The TD Sequential, created by Tom DeMark, is a frequently used tool among traders for determining potential shifts in market trends. It assists in identifying the precise moment when trends run out of steam and may lead to price reversals.
As a dedicated researcher studying the cryptocurrency market, I’ve recently observed some intriguing buy signals presented by the TD Sequential indicator on the daily charts of Solana, ShibaInu, and Cardano. These indicators suggest that a price rebound may be imminent for these altcoins.
— Ali (@ali_charts) June 25, 2024
According to Ali’s examination, the TD Sequential indicator is signaling purchase opportunities on the daily graphs for Shiba Inu, Cardano, and Solana.
Potential implications
Shiba Inu (SHIB)
A buy signal emerging on Shib’s daily chart could be an indication that the current price decline is weakening. If this prediction from the indicator holds true, Shib might witness renewed buying interest, potentially leading to a surge in its value.
A potential sign of a bullish reversal for SHIB would be if its price surpasses the daily Simple Moving Average (SMA) 200 at $0.00001891. Following this, a rise above the daily SMA 50 at $0.00002288 could strengthen the bullish momentum, potentially leading to targets of $0.00002940 and $0.0000328. Currently, SHIB is currently priced at $0.00001711, having risen by 1.45% over the past 24 hours.
Cardano (ADA)
On Monday, the price of Cardano (ADA) dipped down to $0.362 – its lowest point since November 2023. However, a buy signal from the TD Sequential indicator could suggest that the current downtrend might be approaching its finish line. At present, ADA is experiencing a 4.80% increase in value within the last 24 hours, lifting the price up to $0.389.
Should ADA continue its present upward trend, investors may aim for the daily Simple Moving Average (SMA) 50 at approximately $0.44 and the daily SMA 200 around $0.542 as potential goals. If these levels are surpassed, a potential doubling of price, reaching targets at around $0.68 and $0.8, could be in sight.
Solana (SOL)
As I pen this down, Solana has surged by 8.91% in the previous 24 hours to reach a price point of $135.98. The cryptocurrency is making an attempt to shatter the daily Simple Moving Average (SMA) 200 resistance at $133, which could be pivotal in fueling its bullish trend further. A successful breach above the SMA 200 at $156.19 would be a robust sign, potentially propelling Solana towards its potential peaks of $188 and $204.
As a researcher, I’m excitedly observing the upcoming developments for SHIB, ADA, and SOL. The next few days are expected to bring significant insights as these cryptocurrencies potentially build upon their recent buy signals and embark on a prolonged uptrend.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- GLM PREDICTION. GLM cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- USD CHF PREDICTION
- USD MYR PREDICTION
- CSPR PREDICTION. CSPR cryptocurrency
2024-06-25 14:27