Keeping this one short.
Head and shoulders forming on the 4H chart and a strong RSI and CCI bearish divergence currently which XTZ reacts to wach time. Expecting a drop down to the neckline at around 1.85.
Head and shoulders forming on the 4H chart and a strong RSI and CCI bearish divergence currently which XTZ reacts to wach time. Expecting a drop down to the neckline at around 1.85.
Note
Already tagged 1.95 (0.382 fib).I expect further downside after a slight bounce
Trade closed: stop reached
Trailing profit tagged at 1.97Head and shoulders pattern invalidated
Note
As crypto does sometimes scam pumps occur. XTZ actually came down to our original target of 1.85 2 days after getting stopped out.
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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.