Crypto Analyst Says Large-Cap Layer-1 Altcoin Primed for a Breakout, Maps Path Forward for Bitcoin and Lido DAO
Cryptocurrency analyst and dealer Ali Martinez is expressing bullish sentiment on one sensible contract-enabled blockchain whereas updating his outlook on Bitcoin (BTC) and Lido DAO (LDO).
Martinez tells his 63,900 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing a chance for a lengthy entry on the four-hour chart for the native token of layer-1 blockchain Toncoin (TON).
The analyst says that the TD Sequential indicator, which is used to find out potential factors of development reversals, is signaling that Toncoin may rally by round 46% from the present stage to achieve a value of $11.
Primarily based on Martinez’s chart, it seems that Toncoin has additionally shaped an ascending triangle sample on the 12-hour chart. An ascending triangle sample is usually thought of bullish.
“However, the TD Sequential indicator suggests TON might briefly dip to $7.2 to gather liquidity before the upswing.”
Toncoin is buying and selling at $7.52 at time of writing.
Turning to Bitcoin, Martinez says that since 2013, the flagship crypto asset recorded the bottom returns through the July-September quarter.
“Beware!
Traditionally, Bitcoin has struggled in Q3, with a mean return of 6.49% and a median return of -2.57%.”
Bitcoin is buying and selling at $67,658 at time of writing.
Subsequent up is Lido DAO, a liquid staking service for the 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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