RATE Group | This Technical Index Forecasts a Bloody Week for the Cryptocurrency Market
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This Technical Index Forecasts a Bloody Week for the Cryptocurrency Market

28 Apr This Technical Index Forecasts a Bloody Week for the Cryptocurrency Market

Posted at 02:50h in Cryptocurrency News by

More than $80 billion have been injected in the cryptocurrency market over the past month. The substantial inflow of capital allowed most digital assets to recover the losses incurred during the Mar. 12 crash. However, a well-known technical index among institutional investors suggests that a retracement is underway.

A Sell Signal Across All Major Cryptocurrencies: Bitcoin, Ethereum, and XRP

The TD sequential indicator is currently presenting a sell signal across the 12-hour chart of the top three cryptocurrency by market cap, Bitcoin, Ethereum, and XRP. The bearish formations developed in the form of green nine candlesticks.

A further spike in selling pressure could validate these signals potentially triggering a one to four candlesticks correction that would likely be seen throughout the entire market before the uptrend…

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