A crypto analyst has highlighted how the Tom Demark (TD) Sequential has given a buy signal for XRP following its latest pullback.
XRP Has Seen A TD Sequential Signal On Its 4-Hour Chart
In a new post on X, analyst Ali Martinez has shared a TD Sequential signal that has appeared in the 4-hour price of XRP. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s generally used for pinpointing potential locations of reversal in an asset’s price.
The indicator involves two phases. In the first phase, called the setup, candles of the same color are counted up to nine. Once these nine candles, which don’t have to be consecutive, have been printed on the chart, the TD Sequential flashes a reversal signal. Naturally, if the candles leading up to the setup’s completion were green, then the signal acts as a bearish one, while them being red implies a possible bottom formation.
After the setup is over, the second phase, known as the countdown,
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