XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	89,150,340,456	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

89,150,340,456

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-3.87	-2.00%	190.02	190.03	190.04

Price Change

Price Change %

Current Price

Bid Price

Offer

-3.87

-2.00%

190.02

190.03

190.04

High Price	Low Price	Open Price	Prev. Close	52 Week Range
199.53	175.01	193.73	193.89	72.99 - 264.63

High Price

Low Price

Open Price

Prev. Close

52 Week Range

199.53

175.01

193.73

193.89

72.99 - 264.63

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	20:17:09	0.007000	190.05	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

20:17:09

0.007000

190.05

USD

Price x Volume	Volume	Base Symbol	Related Pairs
389,631,923.30	2,078,306.76	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

389,631,923.30

2,078,306.76

XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals

20/12/2024 9:30am

NEWSBTC

An analyst has pointed out how XRP and Solana are among the altcoins that have just observed a Tom Demark (TD) Sequential buy signal on their 4-hour prices. Four Altcoins Are Seeing A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has talked about the TD Sequential signal that four different altcoins have seen on their 4-hour charts. The “TD Sequential” is an indicator from technical analysis (TA) used to locate probable turnaround points in a given asset’s price. Related Reading: Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day The indicator involves two phases: the setup and countdown. During the first of these the setup, candles of the same color are counted up to nine. The nine candles don’t have to be consecutive. Once the counter hits nine, the setup is said to be complete, and the price could be assumed to have reached a reversal location. If the candles leading up to the setup’s completion were green, the TD Sequential would imply a top for the asset. Similarly, if they were red, the indicator would suggest a change of direction to the upside. The second phase, the countdown, begins as soon as the setup is over. This phase of the indicator works in the same manner, save for the fact that candles are meant to be counted up to thirteen instead this time. After the thirteen candles of the same polarity, another potential top or bottom could be considered to have been reached by the asset. Now, here are the charts shared by Martinez that show the completion of the TD Sequential phase of the first type for four altcoins: XRP (XRP), Solana (SOL), Maker (MKR), and Worldcoin (WLD). As is visible in the above graph, the four-hour prices of XRP, Solana, Maker, and Worldcoin have all completed a TD Sequential setup with nine red candles. This naturally means the indicator gives a buy signal for these altcoins. The pattern has taken shape as assets across the cryptocurrency sector have crashed following the US Federal Reserve taking a cautious approach towards further interest rate cuts. Related Reading: Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says If the TD Sequential is anything to go by, at least XRP and the other altcoins may be set to see some renewal of bullish momentum shortly. XRP Price XRP slipped as low as under $2.18 during the crash earlier in the past day, but the coin appears to have seen a small rebound since then, as its price is now trading around the $2.31 mark. Below is a chart that shows how the asset’s performance has looked over the last few days. Featured image from Dall-E, charts from TradingView.com

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SOLUSD Solana