Buy Signals Flash for POL, AVAX, SHIB & MKR: Is the Tom DeMark Indicator Reliable?
- Tom DeMark Sequential shows buy signals for POL, AVAX, SHIB, and MKR.
- Polygon and Avalanche could attract bullish momentum after recent dips.
- Traders speculate if these assets have entered prime accumulation zones.
Polygon (POL), Avalanche (AVAX), Shiba Inu (SHIB), and Maker (MKR) are showing signs of life after the recent market downturn. The Tom DeMark Sequential indicator has flashed buy signals for these tokens, suggesting that they might be entering a period of accumulation. This technical pattern is often used by traders to spot potential trend reversals.
Polygon (POL) has managed to hold its own, keeping above key support levels near $0.43. Avalanche (AVAX) also took a hit, but analysts believe it could bounce back to the $38 range if buyers step in.
Shiba Inu (SHIB), the popular meme token, has been struggling with market confidence lately, but there are signs of renewed interest. Maker (MKR), a key player in decentralized finance, has also entered a potential buy zone, according to the DeMark Sequential analysis.
Bitcoin’s Dip Adds to Market Uncertainty
The recent dip in Bitcoin’s price below $100,000 has added to the market’s uncerta…
The post Buy Signals Flash for POL, AVAX, SHIB & MKR: Is the Tom DeMark Indicator Reliable? appeared first on Coin Edition.
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Buy Signals Flash for POL, AVAX, SHIB & MKR: Is the Tom DeMark Indicator Reliable?
- Tom DeMark Sequential shows buy signals for POL, AVAX, SHIB, and MKR.
- Polygon and Avalanche could attract bullish momentum after recent dips.
- Traders speculate if these assets have entered prime accumulation zones.
Polygon (POL), Avalanche (AVAX), Shiba Inu (SHIB), and Maker (MKR) are showing signs of life after the recent market downturn. The Tom DeMark Sequential indicator has flashed buy signals for these tokens, suggesting that they might be entering a period of accumulation. This technical pattern is often used by traders to spot potential trend reversals.
Polygon (POL) has managed to hold its own, keeping above key support levels near $0.43. Avalanche (AVAX) also took a hit, but analysts believe it could bounce back to the $38 range if buyers step in.
Shiba Inu (SHIB), the popular meme token, has been struggling with market confidence lately, but there are signs of renewed interest. Maker (MKR), a key player in decentralized finance, has also entered a potential buy zone, according to the DeMark Sequential analysis.
Bitcoin’s Dip Adds to Market Uncertainty
The recent dip in Bitcoin’s price below $100,000 has added to the market’s uncerta…
The post Buy Signals Flash for POL, AVAX, SHIB & MKR: Is the Tom DeMark Indicator Reliable? appeared first on Coin Edition.
Read More