A cryptocurrency analyst has explained how Polkadot could potentially see a decline to this level because of a sell signal in in its weekly price chart. Polkadot Weekly Price Has Formed A TD Sequential Sell Setup Recently In a new post on X, analyst Ali has pointed out that a TD Sequential sell signal has been forming for Polkadot recently. The “TD Sequential” refers to a tool in technical analysis that’s generally used for pinpointing likely points of reversal in any asset’s price. The indicator is made up of two phases. In the first phase, called the setup, candles of the same polarity are counted up to 9. After the ninth candle, a probable reversal in the price may be assumed to have taken place. Related Reading: Dogecoin In Demand: Data Shows DOGE Adoption Is Accelerating If the setup’s completion occurred with the overall trend being towards the up (that is, the nine candles were green), the asset might have hit a top. Similarly, a bottom could be in if the price had been going ..
Support the originator by clicking the read the rest link below.
