Popular crypto trader claims that there is a service to liquidate stakes for Ethereum.ETH) blockchain is flashing a short-term bullish signal.
Ali Martinez is a leading analyst tells The Tom DeMark Sequential indicator (TD) recently sent a signal to his 60,600 social media followers that Lido DAO’s (LDO) 3-day chart.
“If LDO can hold above $1.85, we could see it rebound toward $3!”
Traders can use the TD Sequential Indicator for predicting potential trend reversals based on their closing price of the 13 bars or candles that preceded the token.
LDO currently trades at $2.05. In the last seven days, LDO has gained 2.5%.
Martinez updates his views on Bitcoin as well (BTC(Noting that there were two buy signals for the most popular crypto-asset on the 12-hour charts.
A death cross is formed by the SMA’s (simple Moving Average) 50 and 100 and a 9-red candlestick of the TD Sequential.
“If BTC drops below $63,300 prepare for possible plunges as low as $61,000, or even $59,000.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1714185483_235_Crypto-Trader-Issues-Bitcoin-Warning-Says-Ethereum-Liquid-Staking-Project.jpeg)
When the 50-day average moves below the 200 day average, it is called a death cross. This indicates that an asset may be entering a bearish phase.
Bitcoin was trading at $64,676 as of the time this article is written. Market cap-based ranking of the top crypto assets has seen a nearly 2% increase in the last week.
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