Popular meme coin SHIB has recently attracted the attention of traders as it showed a TD Sequential buy signal on its weekly chart. This technical indicator has triggered significant price rallies for SHIB in the past. So what is the price expectation from now on?
TD Sequential indicator
The TD Sequential indicator, which is an abbreviation for “Tom Demark Sequential”, which we will include for SHIB, serves as a tool in technical analysis to predict turns in the price of an asset. It consists of two stages. Accordingly, a setup phase of 9 candles and a countdown phase of 13 candles. The setup phase begins with a price reversal. It moves through the ninth candle, indicating a potential bottom or top depending on the prevailing price trend.
After the setup phase, the countdown phase comes into play and culminates in the 13th candle. This phase usually signals another possible top or bottom. TD Sequential installations are relatively rare. Accordingly, this makes them important when they occur. In the case of SHIB, a TD Sequential purchase setup has recently been completed.
Past performances and potential results
Analyzing previous examples of TD Sequential buy signals for SHIB, it appears that the meme coin has witnessed significant price increases. Last year, a similar setup led to a significant price increase of 118%. On the other hand, an event that occurred earlier this year resulted in a 71% increase.
The historical accuracy of such signals makes the current TD Sequential setup a pivotal moment for SHIB. While there are no guarantees in the crypto market, meme coin’s past performance suggests that a price increase could be on the horizon.
Shiba Inu (SHIB) latest earnings and comparison
In addition to the TD Sequential signal, SHIB has been making breakthroughs lately. The coin gained an impressive 11% last week. Accordingly, it is currently trading around $0.00000766. These gains are commendable. However, it should be noted that Shiba Inu lags behind other leading cryptocurrencies such as Bitcoin, Ethereum and its long-time rival Dogecoin.
SHIB enthusiasts are waiting for the outcome of the TD Sequential buy signal. When we look at it as Kriptokoin.com, the cryptocurrency market continues to be a dynamic and unpredictable field. Historical data points to significant rally potential. On the other hand, it is necessary to approach crypto investments with caution. The Shiba Inu’s recent gains reflect his ability to capture the market’s attention. However, it has a way to go before it can compete with the industry’s leading coins.
To be informed about the latest developments, follow us Twitter’in,Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.