Cryptocurrency analyst and dealer Ali Martinez says that one top-10 altcoin by market cap is flashing a bullish sign after a weeks-long downtrend.
Martinez tells his 43,600 followers on the X social media platform that XRP is “poised for an upswing” that might final “one to 4 weeks” based mostly on the Tom Demark (TD) Sequential indicator.
The TD Sequential indicator is usually used to determine pattern path and potential value reversals.
XRP, the sixth-largest crypto asset by market cap, is buying and selling at $0.503 at time of writing, a 22.8% lower from its 30-day excessive of $0.618 set on January eleventh.
Subsequent up is the native token of the sensible contract blockchain Tron (TRX). Martinez says that the TD Sequential indicator is flashing a bearish sign on Tron.
“The TD Sequential indicator is signaling a promote on the TRX 3-day chart, indicating that TRX could possibly be heading in direction of a correction section that may final from three to 12 days.
This bearish outlook is bolstered by a divergence between the TRON value and the Relative Energy Index (RSI), suggesting weakening momentum and potential downward motion within the close to time period.”
The RSI is a momentum indicator used to find out potential oversold or overbought situations.
Tron is buying and selling at $0.125 at time of writing, a fractional achieve on the day.
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