largest memecoin Dogecoin (DOGE) It experienced a nice rise last week. With this rise, investors DOGE As his expectations about the market increased, a bullish comment came from popular analyst Ali Martinez.
At this point, the analyst stated that DOGE broke out of the multi-year descending triangle formation on the weekly chart and stated that DOGE showed positive signs.
Martinez also He also pointed out that the TD Sequential indicator gave a buying signal for DOGE and stated that DOGE’s upward outlook was further supported by this buying signal.
” Dogecoin is showing promising signs, breaking out of a multi-year descending triangle on the weekly chart!
“A buy signal from the TD Sequential indicator within this time frame strengthens the bullish outlook for DOGE.”
#dogecoin shows promising signs, breaking out from a multi-year descending triangle on the $DOGE weeklychart! The confirmation of a buy signal from the TD Sequential indicator within this timeframe reinforces #DOGE bullish outlook pic.twitter.com/ao7VXyxaEa
— Ali (@ali_charts) October 29, 2023
The TD Sequential indicator is also available on the daily chart. Shiba Inu (SHIB), DOGE, Cardano (ADA) and Injective (INJ) Stating that he gave a sell signal for these altcoins, the analyst also reminded that there may be a correction before the upward trend continues for these altcoins.
The TD Sequential indicator presents a sell signal on the daily chart of #ShibaInu $SHIB, #dogecoin $DOGE, #Cardano $ADAand #Injective $INJanticipating a correction before the continuation of the uptrend.
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— Ali (@ali_charts) October 30, 2023
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