The cryptocurrency market offers both risks and opportunities for traders. BONK, for instance, has been registering signs of a potential...
Price charts highlighted the formation of a clear triangle pattern, indicative of a consolidation phase, for instance, has been registering signs of a potential price rebound on the charts lately. In fact, its TD Sequential indicator flashed a buy signal – A sign that a price rebound could be on the horizon.According to AMBCrypto’s analysis, a clear triangle pattern seemed to be forming on the charts – Indicative of a consolidation phase before a breakout.
This crossover, combined with the consolidation triangle, suggested that momentum could be shifting in favor of the bulls – Reinforcing expectations of positive price movement on the charts.According to Ali on X, the TD Sequential indicator signaled “buy” on BONK’s daily chart. The TD Sequential is renowned for identifying exhaustion points in price trends, signaling potential reversals.
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