Crypto analyst who is well-known warns that payments tokens XRP, and three altcoins could suddenly crash
Ali Martinez, a crypto trader, told his 134.500 followers in a recent post on social media platform X, that XRP could be forming a H&S pattern (head-and-shoulders) on the daily graph.
A H&S pattern is a negative indicator that an asset’s momentum has waned after it failed to reach new highs.
The hard forks of Ethereum Classic (ETC) (ETH), Yearn.Finance Decentralized Finance (YFI), and Bitcoin Cash (BCH), a hard fork of Bitcoin (BTC), are also on the brink.
At the time of this writing, XRP has fallen 3.3% over the past 24 hours.
ETC was trading at $16.69 as of the time of this article, an increase of 1% for the day. YFI, on the other hand, is currently trading at $4,778. This is a decrease of 1.1% for the past 24 hours.
BCH has a current price of $302, up by 1.1% for the day.
The Tom DeMark Sequential Indicator (TD) is also flashing a positive signal in the weekly charts of the layer-1 protocol Algorand(ALGO) as well as the global payment network Stellar (XLM).
TD Sequential indicator is used for technical analysis in order to identify potential trends reversal.
The TD Sequential has just given a Buy signal for Algorand on its weekly chart. It could spark a new uptrend !”
ALGO has fallen 1.5% over the past 24 hours to $0.17.
Stellar’s value could increase by more than 46 percent, according to the author.
The TD Sequential Indicator just flashed a Buy signal on Stellar’s weekly chart. This could result in a bounce to $0.34, or $0.38!
XLM was trading at $0.26 as of the time this article is written, down 2% for the day.
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The post XRP, Three Altcoins and Crypto Strategist: Another sell-off event could be coming soon may change as new developments unfold.
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