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The largest memecoin, Dogecoin (DOGE), experienced a nice rise last week. While investors' expectations about DOGE increased with this rise, a bullish comment came from popular analyst Ali Martinez.
At this point, the analyst stated that DOGE broke out of the multi-year descending triangle formation on the weekly chart and stated that DOGE showed positive signs.
Martinez also pointed out that the TD Sequential indicator gave a buy signal for DOGE and stated that DOGE's bullish outlook was further supported by this buy signal.
<blockquote>
 “Dogecoin is showing promising signs, breaking out of the multi-year descending triangle on the weekly chart! A buy signal from the TD Sequential indicator in this time frame also strengthens the bullish outlook for DOGE.”
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<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> shows promising signs, breaking out from a multi-year descending triangle on the <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> weekly chart! The confirmation of a buy signal from the TD Sequential indicator within this timeframe reinforces <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> bullish outlook. <a href="https://t.co/ao7VXyxaEa" rel="noopener noreferrer nofollow">pic.twitter.com/ao7VXyxaEa</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1718613355886243855?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 29, 2023</a>
</blockquote>
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Stating that the TD Sequential indicator also gave a sell signal for Shiba Inu (SHIB), DOGE, Cardano (ADA) and Injective (INJ) on the daily chart, the analyst also reminded that there may be a correction before the uptrend continues for these altcoins.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The TD Sequential indicator presents a sell signal on the daily chart of <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a> <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>, <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a>, and <a href="https://twitter.com/hashtag/Injective?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Injective</a> <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$INJ</a>, anticipating a correction before the continuation of the uptrend.
 Try this trading tactic on <a href="https://twitter.com/PrimeXBT?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@PrimeXBT</a>. Sign up with promo code… <a href="https://t.co/6UMd3SRZWo" rel="noopener noreferrer nofollow">pic.twitter.com/6UMd3SRZWo</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1718877718509392136?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 30, 2023</a>
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 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/analyst-dogecoin-exited-the-bearish-formation-giving-a-buy-signal-is-ascension-coming-for-doge/">Analyst: "Dogecoin Exited the Bearish Formation, Giving a Buy Signal!" Is Ascension Coming for DOGE?</a>

Analyst: "Dogecoin Exited the Bearish Formation, Giving a Buy Signal!" Is Ascension Coming for DOGE?

Bitcoin Sistemi EN

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