XRP Flashes TD Sequential Buy Signal, Analyst Eyes Rebound
A crypto analyst has highlighted how the Tom Demark (TD) Sequential has flashed a buy signal for XRP recently, a potential sign that a short-term rebound may be coming. TD Sequential Has Formed A Bullish Setup For XRP In a new post on X, analyst Ali Martinez has talked about a TD Sequential signal that has appeared on the 4-hour price of XRP. The TD Sequential here refers to an indicator from technical analysis (TA) that’s generally used for spotting trend reversals in the asset’s price. It involve two phases, but in the context of the current discussion, the first phase called the setup is the one of relevance. Related Reading: Bitcoin Pulls Back, But Futures Traders Turn Bullish: Long Squeeze Setup? During the setup, the TD Sequential counts candles of the same color up to nine. Once the nine candles are in, the indicator gives the signal for a potential reversal. Naturally, the signal is a bullish one if the setup finished after nine red candles while it’s a bearish one if green can