Ethereum

Bitcoin

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 A popular crypto trader says a liquid staking service for the Ethereum (ETH) blockchain&nbsp;is flashing a short-term bullish signal.
 The analyst Ali Martinez tells his 60,600 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal on Lido DAO’s (LDO) 3-day chart.
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 “If LDO can hold above $1.85, we could see it rebound toward $3!”
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 Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.
 LDO is trading at $2.05 at time of writing. The 63rd-ranked crypto asset by market cap is up 2.5% in the past week.
 Martinez also updates his outlook on Bitcoin (BTC), noting that the top crypto asset presented two sell signals on the 12-hour chart.
 “A death cross between the 50 and 100 SMA (simple moving average) and a red 9 candlestick from the TD Sequential.
 If BTC falls below $63,300, brace for possible dives to $61,000 or even $59,000.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL_4v_mXQAA3U1h?format=jpg&amp;name=4096x4096" alt="Image" width="2125" height="1443">
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 Source: ali_charts/X
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 A death cross occurs when the 50-day moving average crosses below the 200-day moving average, a sign that the asset could enter a more pronounced bear phase.
 Bitcoin is trading at $64,676 at time of writing. The top-ranked crypto asset by market cap is up nearly 2% in the past week.
 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-issues-bitcoin-warning-says-ethereum-liquid-staking-project-flashing-short-term-bullish-signal-tbt86719.html">https://thebittimes.com/crypto-trader-issues-bitcoin-warning-says-ethereum-liquid-staking-project-flashing-short-term-bullish-signal-tbt86719.html</a>

Crypto Trader Issues Bitcoin Warning, Says Ethereum Liquid Staking Project Flashing Short-Term Bullish Signal

TheBitTimes

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