XRP, Solana, Maker, and Worldcoin Show TD Sequential Buy Signals
An analyst has noted that XRP and Solana are among the altcoins recently signaling a Tom Demark (TD) Sequential buy on their 4-hour price charts.
Four Altcoins Signaling Buy on TD Sequential
Analyst Ali Martinez shared on X that four altcoins, including XRP, Solana, Maker (MKR), and Worldcoin (WLD), have registered a TD Sequential signal on their 4-hour charts. The TD Sequential is a technical analysis indicator designed to identify potential price reversal points.
The TD Sequential consists of two phases: the setup and countdown. In the setup phase, candles of the same color are counted to nine, which does not need to be consecutive. Upon reaching nine, the setup indicates a possible reversal point. If the preceding candles were green, it suggests a potential top; if red, a possible upward trend.
The countdown phase follows the setup, counting candles to thirteen. After completing this phase, another potential top or bottom may be identified based on candle polarity.
The charts from Martinez demonstrate that XRP, Solana, Maker, and Worldcoin have completed the TD Sequential setup with nine red candles, indicating a buy signal for these assets.
The observed pattern coincides with a downturn in the cryptocurrency sector following the US Federal Reserve's cautious stance on interest rate cuts.
If the TD Sequential holds true, XRP and the other altcoins may experience renewed bullish momentum soon.
XRP Price
XRP dropped below $2.18 during the recent market crash but has since rebounded slightly, trading around $2.31.
