The Tom DeMark (TD) Sequential Indicator, which has 25+ signals, gives reversal signals for 2 altcoins.
According to the indicator, these 2 altcoins are poised for a comeback
Solana and Avalanche have reached overbought territory. Therefore, they are preparing a potentially important corrective signal. Both altcoin prices are poised for brief corrections after being rejected by critical resistance areas. SOL is up nearly 29% from the $30.80 bottom to $39.70 last week. The spike allowed the SOL to test the 200 hourly moving average on the six-hour chart. Although it attempted to break through this resistance level several times, it failed to show enough strength to close a candle above it.
The lack of momentum at such a major hurdle has led to a 7.9% correction in the past few hours. The Tom DeMark (TD) Sequential indicator is currently providing a sell-signal which suggests a steeper pullback. If Solana loses the $36.80 level as support, a drop towards $35 or even $33.40 is possible. cryptocoin.com You can look at the exact predictions of the indicator, which we have quoted as
#signals #released #altcoins #start
No comments:
Post a Comment