Possible Break from $1.80 Downtrend
We have our first new candle formations above the downtrend on both the 1 & 4 hour charts since we topped out around $1.80. Eyeing strong closes above $1.35 for confirmation, which would also move us into the Kumo. A bullish TK cross on both hourly & 4 hour would further confirm reversal trend and keep us above the cloud of the daily. It's possible if BTC keeps pumping it pulls a lot of the alt-market up along with it (though XTZ still appears to pump/dump inversely to BTC and major alts like ETH at times).
Like and follow if you'd like to see more takes like this! Comments welcome.
Cheers!
Like and follow if you'd like to see more takes like this! Comments welcome.
Cheers!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.