#CryptoReboundStrategy Dogecoin (DOGE), one of the popular meme-shaped crypto assets has shown a major buy signal. The information was obtained from the results of a crypto analysis under the pseudonym Ali using the TD (Tom Demark) Sequential indicator.
In his analysis, Ali stated that the DOGE price is predicted to rebound in the near future.
The TD Sequential indicator is a technical analysis tool used to determine when an asset is on the verge of a trend change. This analysis was put forward by Tom DeMark, founder and CEO of DeMark Analytics, in 1994 in his book "The New Science of Technical Analysis."
This strategy consists of two main components, namely a setup (momentum) with nine candles and a countdown (trend exhaustion) with 13 candles. This indicator signals a potential trend reversal when the countdown approaches a certain level. To start the countdown, a certain setup must first be formed.