An analyst has pointed out how Dogecoin has recently observed patterns in two indicators that could prove to be bullish for its price.<\/p>\n
In a new post<\/a> on X, analyst Ali Martinez has talked about a Tom Demark (TD) Sequential signal that Dogecoin has just witnessed on its 4-hour price chart. The \u201cTD Sequential<\/a>\u201d refers to a technical analysis indicator that\u2019s used for locating points of probable reversal for any asset\u2019s price.<\/p>\n The indicator includes two phases, called the setup and countdown. During the first of these, the setup, candles in the price of the same color are counted up to nine. These candles aren\u2019t necessary to be consecutive.<\/p>\n When the nine candles are in, the setup is said to be finished, and the TD Sequential gives a reversal signal for the asset. Naturally, if the candles involved in the setup\u2019s completion were green, the indicator would suggest a top, and if they were red, the signal would be for a bottom.<\/p>\n As soon as the setup is over, the countdown phase begins. This phase of the TD Sequential works exactly the same as the setup, except for the fact that it involves thirteen candles, not nine. Once these candles have also been printed, the indicator gives another buy or sell signal for the price.<\/p>\n Recently, Dogecoin has finished the first of these TD Sequential phases. Here is the chart shared by the analyst that shows this signal in DOGE\u2019s 4-hour price:<\/p>\n As is visible in the above graph, the Dogecoin 4-hour price has completed the TD Sequential setup with nine green candles, which implies the coin may now be set for a turnaround to the upside.<\/p>\n This isn\u2019t the only positive signal that DOGE has observed recently, as Martinez has pointed out in another X post\u00a0<\/a>that the whales<\/a> have been busy purchasing during the last couple of days.<\/p>\n