Shiba Inu TD Sequential Flashes Buy Signal, with an Average 94% Upsurge Rate

Shiba Inu (SHIB) could be on the verge of a substantial rally if historical precedence takes form, as the asset’s TD Sequential shows a flash signal with an average surge rate of 94%.

Veteran market analyst Ali Martinez first called attention to this bullish reality in his recent analysis of Shiba Inu’s price movements. 

The TD Sequential identifies potential trend reversals and exhaustion points in asset prices. It consists of a series of consecutive price bars that help traders determine when an asset may be overbought or oversold, suggesting a possible change in direction.

Historical Context

Ali’s recent disclosure suggests that the TD Sequential indicator has served as a reliable means of determining when Shiba Inu is gearing up for a substantial rally. The analyst highlighted historical context to substantiate these claims.

In the accompanying weekly chart, Ali pointed out that each time the TD Sequential flashes a buy signal, SHIB records an impressive rally. This pattern has occurred twice on the Shiba Inu chart over the past 17 months.

Notably, SHIB witnessed this signal in June 2022 amid a downturn that plagued the asset from April 2022. Shiba Inu collapsed from a high of $0.00002998 on April 12, 2022 to $0.000007129 on June 18, 2022. However, at this low, the TD Sequential revealed a buy signal.

Following the buy signal, Shiba Inu rallied from $0.000008219 in June 2022 to $0.00001789 in August 2022. This surge represented a 117% increase in SHIB’s value in less than two months. 

Interestingly, the last time the TD Sequential flashed a buy signal was in June this year. Shiba Inu had plummeted on the perpetual market to a discouraging $0.000004841 low in June 2023. After the buy signal, SHIB increased by 71%, from $0.000006660 in June to $0.00001140 in August. 

Shiba Inu Set to Mirror a Similar Pattern

Shiba Inu again dropped from the August high, now changing hands at $0.000007410. The asset is now 35% down from the value it witnessed in August. Amid this bearish condition, Ali believes the resurgence of the buy signal suggests another rally.

The analyst failed to give any price projection for this imminent surge. However, the two previous rallies average an upsurge rate of 94%. If Shiba Inu increased by this rate, the asset would reclaim the $0.00001438 price, potentially hitting a new yearly high.

However, these past performances do not guarantee SHIB’s ability to replicate a similar upsurge. As a result, investors should not consider this investment advice, but as educational content seeking to provide insights into SHIB’s price actions.