CandleFocus Dogecoin TD Sell Signal Goes Off, But Here’s Why Parabolic Bull Run Can Still Continue
2024-11-29
Author: Content Editor
Despite a TD Sequential sell signal for Dogecoin, an analyst suggests that the cryptocurrency's parabolic run may still continue. The TD Sequential indicator indicates potential tops and bottoms in an asset's price. Dogecoin recently completed the setup phase of the indicator with nine green candles, signaling a sell signal. However, previous bull runs for Dogecoin experienced similar sell signals that led to temporary declines before the rally continued. The analyst also notes that Dogecoin's previous bull runs fit into an ascending parallel channel, which suggests that if the cryptocurrency continues to rise, it could break through the $14 mark. The future of Dogecoin's price movement remains uncertain.
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