Cryptocurrency Analyst Ali Martinez Expresses Bullish Sentiment on Toncoin (TON), Updates Bitcoin (BTC) and Lido DAO (LDO) Outlook
- 王林Original
- 2024-06-15 10:01:111131browse
Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on one smart contract-enabled blockchain while updating his outlook on Bitcoin (BTC) and Lido DAO (LDO).
Cryptocurrency trader Ali Martinez is updating his technical analysis on Bitcoin (BTC), Toncoin (TON) and Lido DAO (LDO).
Martinez shared his analysis with his 63,900 followers on the social media platform X.
The analyst is keeping a close eye on the four-hour chart for Toncoin, where the Tom DeMark (TD) Sequential indicator is presenting an opportunity for a long entry.
According to Martinez, the TD Sequential indicator is suggesting that TON could rally by around 46% from the current level to reach a price of $11.
“4hr Toncoin chart. TD Sequential presents an opportunity for a long entry. Potential rally to $11 (+46%) before a 12hr to daily correction. However, the TD Sequential indicator suggests TON might briefly dip to $7.2 to gather liquidity before the upswing.
Toncoin is trading at $7.52 at time of writing.
Next, the analyst examines the quarterly returns for Bitcoin, highlighting that the July-September quarter has historically seen the lowest returns for the flagship crypto asset since 2013.
“Take note!
Q3 Bitcoin has the lowest average return (6.49%) and a median return (-2.57%) since 2013.
Be aware and trade accordingly.”
Bitcoin is trading at $67,658 at time of writing.
Finally, Martinez turns his attention to Lido DAO, a liquid staking service for the Ethereum (ETH) ecosystem.
The analyst is looking at the daily chart for LDO, where the TD Sequential indicator is presenting a buy signal.
“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!”
News source：https://www.kdj.com/cryptocurrencies-news/articles/cryptocurrency-analyst-ali-martinez-expresses-bullish-sentiment-toncoin-ton-updates-bitcoin-btc-lido-dao-ldo-outlook.html
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