Crypto Trader Issues Bitcoin and Ethereum Warnings, Updates Outlook on Layer-1 Blockchains Sui and Sei
A widely followed crypto analyst and trader is issuing warnings on Bitcoin ( BTC ) and Ethereum ( ETH ) while updating his outlook on Sui ( SUI ) and Sei ( SEI ).
Crypto analyst Ali Martinez tells his 159,200 followers on X that the TD Indicator, a tool that identifies potential trend exhaustion and price reversal points by counting a sequence of price bars, indicates a warning to BTC traders.
“A spike in profit-taking could be starting as the TD Sequential flashes a sell signal on Bitcoin.”
Source: X/Ali Martinez
BTC is worth $121,506 at time of writing, down 3.4% in the last 24 hours.
Looking at ETH, Martinez says the TD Indicator is signalling a similar warning to traders.
“TD Sequential just flashed a sell signal at a key resistance. A rejection here could send Ethereum to $4,100 or even $3,780.”
Source: X/Ali Martinez
ETH is trading at $4,478 at time of writing, down 5% on the day.
Moving on to the layer-1 blockchain Sui, Martinez suggests that SUI may be on the verge of a rally.
“The accumulation phase for SUI looks nearly complete. This is the zone to load up before the breakout to $7!”
Source: X/Ali Martinez
SUI is changing hands for $3.46, down 5.8% in the last 24 hours.
Finally, Martinez breaks down the layer-1 Sei, warning traders to wake up on SEI.
“Don’t sleep on SEI. A breakout to $0.90 is brewing right now!”
Source: X/Ali Martinez
SEI is trading for $0.282 at time of writing, down 6% on the day.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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