As a seasoned analyst with years of experience in deciphering market trends and technical indicators, I find the TD Sequential buy signal on XRP, Solana, Maker, and Worldcoin intriguing. Having navigated through numerous bull and bear markets, I’ve learned to respect these signals, although they are not infallible.
A recent analysis indicates that both XRP and Solana have triggered a buy signal based on the TD Sequential on their 4-hour charts, according to an analyst’s observations.
Four Altcoins Are Seeing A Buy Signal On The TD Sequential
In his latest post on platform X, analyst Ali Martinez discussed the TD Sequential signal, which has appeared on the 4-hour charts of four distinct cryptocurrencies. The “TD Sequential” is a technical analysis tool that helps identify potential reversal points in an asset’s price movement.
This strategy consists of two steps: initialization and countdown. In the initial step, or initialization, the number of candles of the same color is tallied until it reaches nine. It’s important to note that the nine candles do not need to be consecutive.
When the counter reaches nine, the setup is considered finished, and it’s possible that the price has arrived at a turning point. If the candles preceding the completion of the setup are green, the TD Sequential may indicate a peak for the asset. On the other hand, if they are red, the indicator might signal an impending upward trend change.
In the second stage, referred to as the countdown, we move forward once all preparations are complete. Unlike the first phase, here we’re looking for thirteen candles instead of counting up to thirteen. When this sequence of thirteen candles with the same polarity is reached, it might suggest that a possible peak or trough in the asset has been attained.
Currently, I’d like to present the graphs provided by Martinez, which depict the completion of the initial TD Sequential phase for these four cryptocurrencies: Ripple (XRP), Solana (SOL), Maker (MKR), and Worldcoin (WLD).
Upon examining the provided graph, it appears that the four-hour prices of XRP, Solana, Maker, and Worldcoin have all formed a TD Sequential setup, consisting of nine consecutive red candles. This setup suggests a potential buy signal for these cryptocurrencies according to the indicator.
The form of events in the cryptocurrency market has become clearer, with asset values dropping due to the U.S. Federal Reserve adopting a more reserved stance on additional interest rate reductions.
As an analyst examining market trends, I’m observing that based on the TD Sequential indicator, there could potentially be a resurgence in bullish momentum for XRP and other altcoins in the near future.
XRP Price
Initially, XRP dipped to below $2.18 during yesterday’s market downturn, but it has shown signs of recovery, currently trading at approximately $2.31.
Below is a chart that shows how the asset’s performance has looked over the last few days.
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2024-12-20 12:40