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The Ali Martinez (@ali_charts) encryption highlighted the reflection of Dogecoin, and revealed that the popular mimin may flash up a bullish technical technology on the daily chart. According to Martinez, the TD sequence index provided “a signal signal”, indicating that the freshness of prices may be on the horizon.
Dogecoin prints a TD9 purchase signal
Joint chart – daily candlestick for a pair/USDT – connects 10 days of declining work. Dogecoin has decreased from its highest levels near 0.4843 dollars to trade at a price of about $ 0.32, as about -35 % has fallen over the past few days. The latest candle on the graph is a long black tape (landing), which reflects the remarkable sale pressure that paid prices about $ 0.3200.
“TD Sequetial offers a purchase signal on Dogoin Daily, expecting to recover the price!” Martinez to publish Via X. At the core of Martinez, there is TD Sequetial, a widely respected technology tool among experienced merchants. TD Sequential, which was developed by TOM DeMark, aims to determine the potential prices and repercussions in the ongoing directions. It works by calculating a series of consecutive candles in one direction.
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The index usually monitors up to nine consecutive or rising candles. When a number of nine are reached during the continuous declining direction, it often suspends a potential ascending turning point – reference to the “TD9 purchase signal”. On the contrary, nine consecutive closure in the upward trend can indicate a possible reflection.
In extended settings, the index can continue to count to 13, which provides more confirmation, but the “9” signaling itself often attracts the most urgent attention from merchants. On this Dogecoin chart, the TD9 No. TD9 has just appeared, indicating that the daily downward trend may reach the buyer’s attention point. After the “9” candle, the sequence restarts it in “1”, which can hint at the beginning of the new upper preparation, if the upcoming candles are confirmed to reflect.
Price levels to watch
The most important support zone is at $ 0.313, which is the level of Fibonacci Fibonacci 0.382 on the daily chart. Keeping a daily closure above this level momentum can enhance if buyers respond to the TD9 signal. It is likely that you face any attempt when the bounce is about $ 0.3400, as there is a declining trend line. A decisive break on this (black) line can verify the opposite of the expected direction.
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While restoring the Earth in a $ 0.4,000 (0.5 Fibonacci level at $ 0.395) will be a stronger sign that Dogecoin has recovered from the downward cycle. Overall, Dogecoin is in a decisive place. The TD Sequential “purchase” is not guaranteed the immediate bullish sequence, but it historically serves as a trusted early warning of fatigue in the direction.
If traders benefit from this signal, DOGECOIN may operate the price recovery towards medium -range resistance. In contrast, the failure to retain an area of $ 0.3100 may prolong the current declining cycle.
Distinctive image created with Dall.e, Chart from TradingView.com