Crypto analyst predicts surge in top 10 altcoins lasting up to 4 weeks, updates outlook for Tron (TRX).
Crypto analyst and trader Ali Martinez said one of the top 10 altcoins by market capitalization is sending bullish signals after weeks of sustained declines.
Martinez told his 43,600 followers on the
The TD Sequential Indicator is commonly used to identify trend direction and potential price reversals.
Source: Ali Martinez/X
XRP, the sixth-largest cryptocurrency asset by market capitalization, is trading at $0.503 at the time of this writing, down 22.8% from its 30-day high of $0.618 set on January 11.
Below are the native tokens of the smart contract blockchain Tron (TRX). Martinez says the TD Sequential indicator is flashing a bearish signal on Tron.
“The TD Sequential indicator is sending a sell signal on the TRX 3-day chart, which indicates that TRX may be heading into a correction phase that could last from the 3rd to the 12th.
This bearish outlook is reinforced by the divergence between TRON price and the Relative Strength Index (RSI), which suggests weakening momentum and a possible downward move in the near term.”
Source: Ali Martinez/X
RSI is a momentum indicator used to determine potential oversold or overbought conditions.
Tron is trading at $0.125 at the time of writing, a slight increase on the day.
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The post Crypto Analyst Predicts Surge in Top 10 Altcoins to Last Up to 4 Weeks, Updated Outlook for Tron (TRX) appeared first on The Daily Hodl
