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TD Sequential

PEPE: There is a Sell Signal Present on the daily chart: Price Drop Soon?

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  • The TD Sequential is giving a sell signal for PEPE at the current stage on the daily chart.
  • Previously, the tool has provided signs that turned out to be accurate in predicting PEPE price changes.
  • It is advised that traders determine when to protect gains because PEPE is near an important Fibonacci resistance level.

Recently, Ali Martinez shared on X that the current behavior of the TD Sequential indicator, on PEPE’s daily chart, suggests that the price might decline soon.

Ali used the TD Sequential to highlight areas where the price of the asset might reverse. The process involves observing a line of candlesticks (prices plotted on the graph) to find where the trend may be ending.

The analyst believes PEPE might be beginning to decline, as the chart shows a red “1” and an arrow pointing in the wrong direction.

Change in Market Trends Revealed in Three Important Signals

Ali’s chart outlines three notable points that this indicator showed. On May 2nd, a green signal (see A13) was given, which accurately indicated that the price would increase. After that, a red “1” was seen next to April 27th, letting us know that there was a temporary peak followed by a decline.

Source: X @ Ali_charts 

The day after the pullback, a green “1” appeared on May 5th, and this was followed by significant growth in the stock price. Another red “1” on the calendar on May 14th points to another drop in the index.

The highlighted price levels include Fibonacci retracement lines, which traders use as indicators to find possible areas where risks could be limited regarding increases or declines in price. Right now, PEPE is above the 1.618 Fibonacci extension, which acts as a major point of resistance.

Experts Urge Investors to Claim Their Recent Profits

Though this does not promise a drop in price, it means that traders and investors should be careful.

If history repeats itself, then we might experience a small decline in price in the near future. If you currently own PEPE, now might be a good time to take your gains or limit the losses you are willing to accept.

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Will Filecoin Bounce? Key Indicator Points to Yes

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  • Filecoin appears to be on the move toward a key support level, which could signal the potential for a price increase if buying pressure picks up.
  • There has also been a TD Sequential “13” indication, which signals that sellers are exhausted and a reversal could occur.
  • Some investors believe that there will likely be a short-term rising trend but are waiting for stronger bullish momentum to confirm this. 

In a recent post on X (formerly Twitter), crypto analyst Ali (@ali_charts) drew the attention of many Filecoin (FIL) traders and investors. In the post, Ali explains that Filecoin is sitting on the lower side of a trading channel, a strategic price point that functions as support and has the potential to soar upwards if buying activity increases.

What captured the attention of most readers was that alongside Ali’s analysis, a TD Sequential indicator, which is popular for anticipating a trend reversal, also appeared. Many consider this to be a confirming signal of an upcoming minor uptrend.

TD Sequential Indicator Provides Optimistic Outlook

In the TradingView screenshot shared in the post and from the candlestick pattern, we can see the price moving downwards almost to the $2.64 region, which is bounded by a thick black support line. The price touched this level and showed signs of holding above it, which suggests that buyers are starting to help defend this support barrier. 

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Source: X @ali_charts

Another supporting clue is that TD Sequential shows a “buy” signal. This sequential indicator suggests a bullish outlook when it shows “13.” This is because the  indicator typically flashes a “13” after a sequence of candles that suggest exhaustion in an ongoing trend; in this case, the indicator is invoking sentiments that bearish movements might be tapering.

Buyers Reaction Would Control Filecoin’s Possible Rise

According to the overall chart structure, it appears that Filecoin has been ranging, as the price is currently at the lower boundary. It is on the verge of testing this very boundary, which has previously acted as a major bounce point, such as in late April. 

If the trend does repeat and sellers respond to the signal, it would allow Filecoin to surpass expectations and achieve short-term targets. Of course, the market must remain cautious, as additional confirmation is required, such as an increase in volume or a series of green candles that drive the price back to mid-range or upper-channel levels. 

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