Ali Martinez, a cryptocurrency analyst and trader, is bullish on a blockchain that supports smart contracts while updating his view on Bitcoin.BTCLido DAOLDO).
Martinez tells The Tom DeMark Sequential indicator flashes an opportunity on the 4-hour chart of Toncoin’s native token on layer-1 blockchain.TON).
Analysts say that the TD Sequential Indicator, used to identify potential trend reversal points, indicates that Toncoin’s price could rise by 46% to $11 from its current level.
According to Martinez’s chart it seems that Toncoin also has an ascending triangular pattern on its 12-hour chart. A bullish pattern that resembles an ascending triangle is usually considered.
“However, the TD Sequential indicator suggests TON might briefly dip to $7.2 to gather liquidity before the upswing.”
Toncoin was trading for $7.52 as of the time this article is written.
Bitcoins: The Future of Payments says The flagship cryptocurrency asset has recorded its lowest quarterly returns since 2013 during the period July-September.
“Beware!
Bitcoin’s performance in the third quarter has been historically poor, with an average of 6.49 % and a median of 2.57%”.
Bitcoin has a current value of $67,658.
Lido DAO comes next, offering a service of liquid stakes for Ethereum.ETH) ecosystem. Martinez says,
“The TD Sequential presents a buy signal on the Lido DAO daily chart, predicting a potential rebound of one to four daily candlesticks for LDO!”
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