As the majority of assets in the cryptocurrency sector open another week on a bullish note, things are no different for Dogecoin (DOGE), Shiba Inu (SHIB), and Cardano (ADA). However, one indicator has suggested that the gains for some of the largest crypto assets by market capitalization might temporarily slow down.
Specifically, crypto trading expert Ali Martinez observed that the TD Sequential indicator was demonstrating a sell signal on the daily chart for Cardano, Shiba Inu, Dogecoin, and Injective (INJ), suggesting that a correction could occur before they continue on the uptrend, as he said on October 30.
Indeed, created by market analyst Tom DeMark, the TD Sequential indicator is a technical analysis (TA) tool that helps identify specific points at which an asset’s price might change direction. In other words, it assists in assessing continuation patterns and trend reversals in financial markets, including the crypto market.
SHIB, DOGE, ADA, and INJ analysis. Source: Ali Marti
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