Search results for Tom DeMark Sequential
Crypto
XRP active addresses up 50 percent but $1.06 support wobbles
XRP has entered a critical zone where technical rebound signals are clashing with selling pressure from large holders. Attention is on $1.06, which Glassnode flagged as a key support level based on UTXO realised price distribution data. Technical indicators show a Tom DeMark Sequential buy signal and a Morningstar Doji pattern. On-chain data show daily active addresses rising about 50 percent, but Santiment said whales sold more than 30 million XRP over five days.
Crypto
Bitcoin bear market over? 2022 bullish indicator reappears
A TD9 buy signal has appeared on Bitcoin’s monthly chart for the first time since July 2022, raising the prospect of a reversal in its long-term downtrend. Market analyst Tony Severino said Bitcoin has formed a “perfect” monthly TD9 buy setup, while warning it does not necessarily mean a bottom is in. Some traders cited the signal as noteworthy if it holds through the monthly close, even as others still watch for another low around $55,000.
Crypto
XRP 27-dollar scenario hinges on clearing $1.66 then reclaiming $2
XRP has entered a zone where major technical signals overlap, raising the possibility of a move toward the $27 range over the medium to long term, an analysis showed. The scenario requires XRP to break above $1.66, the upper boundary of a falling wedge, and then reclaim $2. Analysts also cited Fibonacci-based targets of $8.48, $13.70, $18.06 and $27.68, while warning a failed breakout could reopen downside levels at $1.21, $0.90 and $0.60.