Shiba Inu TD Sequential Signal Suggests 94% Potential Upsurge
Shiba Inu (SHIB) is showing promising signs of a significant rally, based on historical data. The TD Sequential indicator, known for identifying trend reversals and exhaustion points in asset prices, has flashed a buy signal for SHIB.
This indicator involves a sequence of consecutive price bars that can help traders gauge whether an asset is overbought or oversold, indicating a potential shift in its direction. Market analyst Ali Martinez highlighted this optimistic signal in a recent analysis of Shiba Inu’s price movements.
Shiba Inu (SHIB) TD Sequential: A Historical Indicator of Upcoming Rallies
Veteran market analyst Ali Martinez has pointed out the reliability of the TD Sequential indicator in signaling potential rallies for Shiba Inu (SHIB). This indicator has shown its effectiveness through historical data, particularly on the SHIB chart over the past 17 months.
Shiba Inu 1W Chart | Ali Martinez
Ali highlighted the occurrences of the TD Sequential buy signal in the weekly chart, indicating times when SHIB tends to embark on significant rallies. Notably, this pattern has emerged twice during this timeframe.
The first instance took place in June 2022 when SHIB was going through a downturn from April 2022. At its lowest point, Shiba Inu hit $0.000007129 on June 18, 2022, but the TD Sequential signaled a buy. Following this signal, SHIB rallied from $0.000008219 in June 2022 to $0.00001789 in August 2022, marking a remarkable 117% increase in less than two months.
The second occurrence of the TD Sequential buy signal happened in June 2023, when SHIB had dipped to a low of $0.000004841 on the perpetual market. After the buy signal, SHIB saw a 71% increase, surging from $0.000006660 in June to $0.00001140 in August.
These historical patterns are providing hope for SHIB investors and traders, suggesting the potential for another substantial rally in the near future.
Shiba Inu: Potential for a New Rally
After experiencing a decline from its high in August, Shiba Inu (SHIB) is currently trading at $0.000007410, representing a 35% decrease from its August value. In this bearish context, market analyst Ali Martinez sees the return of the TD Sequential buy signal as a sign of a potential upcoming rally.
While Ali did not provide a specific price projection for this expected surge, historical data shows that the average rate of increase for the two previous rallies was 94%. If SHIB were to follow this historical trend, it could potentially reach $0.00001438, approaching a new yearly high.
However, it’s important to note that past performances don’t guarantee that SHIB will replicate a similar surge. Therefore, investors should view this information as educational content and not as investment advice, as the cryptocurrency market can be highly unpredictable.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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