Experienced market analyst Ali Martinez, Shiba Inu In his latest analysis of price movements, this fact of rise was noted for the first time. pulled.
TD Sequential identifies potential trend reversals and exhaustion points in asset prices. It consists of a series of consecutive price bars that help traders determine when an asset may be overbought or oversold, signaling a possible change in direction.
Historical Context
Ali’s latest statement shows that the TD Sequential indicator serves as a reliable tool in determining when the Shiba Inu is poised for a significant rally. The analyst highlighted historical context to substantiate these claims.
In the attached weekly chart, Ali pointed out that SHIB recorded an impressive rally every time TD Sequential gave a buy signal. This pattern has occurred twice in the last 17 months on the Shiba Inu chart.
Notably, SHIB witnessed this signal in June 2022, amidst a pullback from April 2022 onwards. Shiba Inu fell from $0.00002998 on April 12, 2022 to $0.000007129 on June 18, 2022. However, at this low, TD Sequential has revealed a buy signal.
Koinfinans.com Following the buy signal, as we reported, Shiba Inu rose from $0.000008219 in June 2022 to $0.00001789 in August 2022. This increase represented a 117% increase in SHIB’s value in less than two months.
Interestingly, TD Sequential last issued a buy signal in June of this year. The Shiba Inu had a discouraging decline on the permanent market at $0.000004841 in June 2023. Following the buy signal, SHIB increased by 71%, from $0.000006660 in June to $0.00001140 in August.
The Shiba Inu is Poised to Reflect a Similar Pattern
SHIB is trading at $0.000007410, falling again from its August high. The asset is currently 35% below its value in August. Amidst this bearish situation, Ali believes that the resurgence of the buy signal indicates another rally.
The analyst did not make any price predictions for this imminent increase. However, the previous two rallies average an upside rate of 94%. If the Shiba Inu rises at this rate, the asset will regain its price of $0.00001438 and potentially reach a new yearly high.
However, these past performances do not guarantee that SHIB can repeat a similar rise. As a result, investors should consider this not as investment advice but rather as educational content intended to provide insight into SHIB’s price movements.