An analyst has pointed out how Solana is forming a Tom Demark (TD) Sequential sell signal on three of its charts, which could lead to a cooldown for the asset. Solana Has Just Witnessed A Sell Signal On Three Timeframes In a new post on X, analyst Ali Martinez has discussed the TD Sequential signals Solana is currently observing. The “TD Sequential” here refers to an indicator in technical analysis generally used for locating probable reversal positions in any asset’s price. This indicator has two phases: setup and countdown. In the first of this setup, candles of the same polarity (that is, whether red or green) are counted up to nine. When the ninth candle is reached, the TD Sequential indicates that the price has reached a potential reversal point. Related Reading: XRP Adoption & Activity Spike: What This Means For Its Price Naturally, the indicator would give a sell signal if the candles leading up to the setup’s completion had been green. Similarly, the red nine candles would suggest a bottom for the asse ..
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