According to an influential crypto analyst, three major altcoins will soon be entering bullish phases.
Ali Martinez is a cryptocurrency trader tells VeChain’s decentralized supply-chain management platform VeChain has 62,900 of his followers (on the social media platform X)VET) is on the verge of lift-off after a successful retest of a parallel channel.
“Like in the previous bull cycle, VeChain retests the upper boundary of a parallel channel before VET enters a bull rally.”
VET was worth $0.0396 when this article was written, an increase of 4% over the past 24 hours.
Blockchain Injective for decentralized Finance (DeFi).INJ), Martinez sees a historical precedent For an upcoming bull market. Martinez refers to the Thomas DeMark (TD) Sequential indicator, a technical analysis tool aiming to pinpoint precise price reversals based on the closing prices of the previous nine and 14 intervals.
“The last two buy signals from the TD Sequential on the Injective weekly chart led to impressive bull runs of 700% and 555%. Now, this indicator is flashing another buy signal, suggesting that INJ could rally again!”
INJ has risen 6.2% in the last day to $26.41.
Crypto analyst: Referring to the TD Sequential says Ethereum is a digital currency (ETHLayer-2 Polygon Protocol (MATICThe. is now about to expand.
“The TD Sequential presents a buy signal on the MATIC weekly chart, anticipating Polygon will see a one to four weekly candlesticks upswing!”
MATIC currently trades at $0.747. This is up by 4% from yesterday.
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