The TD Sequential indicator for the ADA price action has flashed a buy signal. Ali Martinez has highlighted that the ADA price chart is “showing signs of a potential rebound.”
Cardano (ADA) price dropped by 25% in the past 30 days, and as a result, many investors are wondering whether the worst is over for the cryptocurrency. According to crypto analyst Ali Martinez, the technical indicators for ADA have turned bullish despite the recent price crash.
Martinez highlighted that the daily candlestick chart for Cardano (ADA) against Tether (USDT) on Binance is “showing signs of a potential rebound.” The analyst stated that the “TD Sequential indicator” flashes a buy signal for the altcoin as investors are presented with strong entry points.
The TD Sequential indicator is used to identify potential trend reversals. The indicator generates a buy signal when the bearish countdown reaches “9”, suggesting exhaustion of the downtrend. The chart shows a red “9” on the latest candle, indicating that a possible reversal could be near.
Cardano (ADA) Price Drop May Be Over: Analyst Sees an Imminent Rebound based on TD Sequential Indicator Coin Edition
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