Tezos On A Tumble
Updated
- Short-term moving averages help reveal price swings at any time-frame and produce good signal strategies. Here we can see short-term moving averages on XTZUSD with the yellow line whipsawing downwards into the grey line suggesting negative pressure on price.
- MACD is pushing down
- Candle formation also showing negative
We are now short-term neutral, even short, on Tezos.
Trade active
Yikes, sometimes it hurts to be right.Note
Looks like we may dip as low as 23% from our initial sell signal Note
The call was not made only on the basis of the 12 hour chart. Looking at the chart we realise it's not so easy to see the negative momentum that was building across the market. Higher time-frames revealed the weakness. Trade active
Still tumbling... 
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