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.”
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.”
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!”
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!”
SEI is trading for $0.282 at time of writing, down 6% on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
