- Ali Martinez revealed that the TD Sequential on MANA’s weekly chart is presenting a sell signal.
- The analyst shared that the indicator has been a reliable tool for identifying price bottoms.
- MANA was trading hands at $0.4912 at press time after it dropped 2.46%.
The cryptocurrency trader and analyst Ali Martinez revealed in an X post yesterday that the weekly chart for Decentraland (MANA) is presenting a sell signal. In the post, the analyst shared that the TD Sequential on the altcoin’s weekly chart suggests that MANA may be “gearing up for a price correction”.
#Decentraland | Since June 2023, the TD Sequential has been a reliable tool for pinpointing local bottoms on $MANA weekly chart.However, the indicator now shows a sell signal, hinting that #MANA might be gearing up for a price correction. pic.twitter.com/9lLQm19fw1
— Ali (@ali_charts) December 15, 2023
According to Martinez, the TD Sequential has been a reliable tool for “pinpointing local bottoms” on MANA’s weekly chart since June this year. Over the last 24 hours, the bearishness expressed by the signal seems to have played out. Data from the cryptocurrency market tracking website …
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