As a seasoned researcher with years of experience in the ever-evolving world of cryptocurrencies, I must admit that I find the TD Sequential indicator to be quite intriguing. It’s like having a crystal ball that predicts potential reversals in the market, giving us a heads up when it might be time to buy. And with the recent sell-off in the crypto market, seeing buy signals on XRP, Solana, Maker, and Worldcoin is certainly catching my attention.
Multiple cryptocurrencies such as XRP’s native token, Solana’s SOL, Maker’s MKR, and Worldcoin’s WLD might experience substantial price increases due to a crucial technical signal that has recently triggered ‘buy’ alerts for them.
Based on information provided by on-chain analyst Ali Martinez, it appears that the TD Sequential indicator has generated buy signals for certain cryptocurrencies on their four-hour charts. This development comes following a substantial cryptocurrency market sell-off which reduced the total market capitalization by more than $300 billion.
On the 4-hour charts for Ripple ($XRP), Solana ($SOL), Maker ($MKR), and Worldcoin ($WLD, the TD Sequential indicator is suggesting potential buy opportunities!
— Ali (@ali_charts) December 19, 2024
The TD Sequential indicator was developed by Tom Demark, and is used to identify the exact time of trend exhaustion and potential points of reversal. It involves counting a series of price bars and comparing them to previous price bars to find exhaustion points.
The TD Sequential indicator suggests a potential shift from a downward trend to an upward trend, signaled by a “buy” signal. This usually occurs following a sequence of nine consecutive decreasing candles, where each candle closes at a lower price compared to the one four periods prior.
According to recent reports, the value of cryptocurrencies dropped together with other high-risk investments following yesterday’s 25 basis point reduction in interest rates by the Federal Reserve, as anticipated. Additionally, Fed Chair Jerome Powell hinted at a possible relaxation of the rate-cutting cycle in the coming year.
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2024-12-19 20:53