Seems to be bottoming out, but hasn't formed a bearish divergence as it usually does. Volume looks like it can take more time to squeeze down. RSI also in a squeeze.
I am going to theorize that this time XTZ is going to breakdown from the 2 year long ascending channel and not breakout upward. because in the last run to $8 there was exceptionally huge volumes at the top, suggesting an old large hodler unloading, maybe a founder. Shake and bake baby.
I am going to theorize that this time XTZ is going to breakdown from the 2 year long ascending channel and not breakout upward. because in the last run to $8 there was exceptionally huge volumes at the top, suggesting an old large hodler unloading, maybe a founder. Shake and bake baby.
Comment:
XTZ clean break out.
Comment:
Bullish but at local resistance
