Okay, 
XPL is finally showing first signs of losing steam after hitting a DOUBLE TOP with bearish RSI divergence (equal high on price, and lower high on RSI = weakening momentum).
Support zone: $1.38 (also the DOUBLE TOP's neckline, breakdown below would target $1.15) up to $1.43 (previous rejections from this level as resistance, flipped).
The double TOP doesn't mean a reversal is here, but surely works as a red flag.
I will try and buy at discount prices between $1.10 and $1.15, in case of a breakdown or another Sunday nite bloodbath.
No longs for me yet, but they will come💙👽
XPL is finally showing first signs of losing steam after hitting a DOUBLE TOP with bearish RSI divergence (equal high on price, and lower high on RSI = weakening momentum).Support zone: $1.38 (also the DOUBLE TOP's neckline, breakdown below would target $1.15) up to $1.43 (previous rejections from this level as resistance, flipped).
The double TOP doesn't mean a reversal is here, but surely works as a red flag.
I will try and buy at discount prices between $1.10 and $1.15, in case of a breakdown or another Sunday nite bloodbath.
No longs for me yet, but they will come💙👽
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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.