The Crypto Ali Martinez analyst (@ali_charts) highlighted a potential tendency reversal for Dogecoin, revealing that the popular same has flashed a bull -handed technical signal on his daily graphic. According to Martinez, the TD sequential indicator has presented a “purchase signal”, which suggests that a price rebound could be on the horizon.
Dogecoin Impress TD9 Purchase signal
The shared graphic – moving the daily candlesticks of the Doge / USDT pair – illustrates 10 days of action down prices. Dogecoin withdrew from the previous heights almost $ 0.4843 to negotiate at around $ 0.32, losing around -35% in the past few days. The most recent candle on the graph is a long black bar (lowering), reflecting a notable sales pressure that pushed prices to $ 0.3,200.
“The Sequential TD has a purchase signal on Dogecoin’s daily graphic, anticipating a price rebound!” Martinez published via X. At the heart of Martinez’s observation is TD Sequential, a technical tool widely respected among experienced traders. Developed by the Tom Demark market technician, the sequential TD aims to identify the exhaustion points of prices and the potential inversions of current trends. It works by counting a series of consecutive candles in one direction.
The indicator generally monitors up to nine hobby or consecutive hinged candles. When a new count is reached during a persistent downward trend, it often signals a possible bullish turn – considered as a “TD9 purchase signal”. Conversely, nine highest consecutive farms in a bullish trend can point out a potential downward inversion.
In more extensive configurations, the indicator can continue to count at 13, offering additional confirmation, but the signal “9” itself often attracts the most immediate attention of traders. On this Dogecoin table, the TD9 number has just appeared, which means that the daily decrease trend could reach a point of interest from the buyer. After a “9” candle, the sequence restarts to “1”, which can refer to the start of a new increased configuration, if the candles to come and confirm the reversal.
Price levels to be monitored
The most crucial support zone is at $ 0.313, the level of trace of 0.382 Fibonacci on the daily graphic. Maintaining a daily closure above this level could strengthen the optimistic momentum if buyers react to the TD9 signal. Any rebound attempt will probably face the initial resistance around $ 0.3,400, where the drop line is located. A decisive break above this (black) line can validate the planned trend reversal.
Although more out of reach, retirement in the region of $ 0.4000 (level of 0.5 fibonacci at $ 0.395) would be a stronger sign than Dogecoin recovered from its descending spiral. Overall, Dogecoin is in a crucial place. The configuration “Buying” of the Sequential TD does not guarantee an instant increase, but it historically serves as a reliable early warning of trendy fatigue.
If the bullish merchants capitalize on this signal, Dogecoin could implement a recovery of prices to mid -range resistance. On the other hand, non-compliance with the $ 0.3100 zone could extend the current drop cycle.
