Stellar cryptocurrency prints a "TD9:" This is why it means it is probably further back

The cryptocurrency known as Stellar has performed relatively poorly in recent years, but throughout 2020, the once booming altcoin has shown signs of strong recovery.

Now the asset has printed a TD9 on daily price charts, after an intraday recovery of more than 10%. Is this a sign that an altcoin season could start soon?

XLMUSD closes daily gain of 10%, but more likely profits for Altcoins

The daily close of last night on the XLMUSD trading pair solidified a recovery of more than 10% on the day on altcoin.

The cryptocurrency known as stellar lumens has done extremely poorly in the bear market, alongside XRP. But things seem to have turned around in recent weeks as Bitcoin's halving again draws attention to the crypto space.

Related Reading | Stellar Fractal shows how epic the next Bull crypto market can be

It was after the last semester that alternative currencies began their incredible rise to record prices and the cycle was able to start again.

Even a fractal is forming on Stellar's price charts on the XLMUSD trading pair, indicating that there is a major benefit ahead. When saving any possible graphical training, a purchase configuration for TD 9 was also activated.

Stellar purchase of TD 9 coinciding with Bitcoin's halving could result in an alternate season

The TD sequential indicator Created by Thomas Demark, market synchronization expert, it indicated a "buy" parameter of 9 in XLMUSD. In the past, the TD Sequential Indicator has shown incredible precision and accuracy in calling the top and bottom of the crypto market.

The indicator called Bitcoin high in February 2020, the lowest in December 2019 and the highest peak of all time at $ 20,000. It also showed value as an accurate indicator for altcoins like stellar lumens.

A number of other alternative currencies have recently received similar trigger signals pointing to a new rally in the coming days, Bitcoin has triggered a sell pattern.

Related Reading | Stellar Rally: Once Stagnant, Altcoin Outperforms Bitcoin by 30%

Blocking Bitcoin generally doesn't bode well for alternative currencies like Stellar, but this time it could be different. Bitcoin's halving started the first extended season of altcoin and could do it again.

A fractal on the XLMUSD price charts shows how stellar the next crypto bull market could be. Fractals are patterns that repeat with special precision and are the result of human emotion.

Bitcoin domain charts have shown that altcoins are at a critical, rebound, or matrix crossover. A Bitcoin collapse could theoretically bounce altcoins on BTC trading pairs, which would trigger a new extended altcoin season.