TradingView
ProjectSyndicate
Mar 13, 2021 3:28 PM

XTZUSD W1: price/RSI10 DIV //pullback possible/likely(BEARS) Short

Tezos / United States DollarCoinbase

Description

XTZUSD W1: price/RSI10 DIV //pullback possible/likely(BEARS)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH SETUP.


🔸 Summary and potential trade setup
::: XTZUSD weekly chart review/outlook
::: noteworthy PRICE/RSI10 DIV now
::: bearish pattern setup
::: noteworthy PRICE/RSI10 DIV as well
::: traders should watch out for the
::: have to be careful going forward
::: also March is WEAK month for crypto
::: this is not a trade setup
::: warning of a potential pullback in LTC
::: BULLS should wait for a better price noe
::: Recommend to trim exposure in XTZUSD
::: so recommend to be extra careful next few
::: weeks as price is very unstable near ATH
::: overbought / so expecting correction / pullback
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK
::: Sentiment outlook short-term: BEARS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
mryamz
I hodl
CryptMeAlone
Aren't you the one who expected back in February a pump to $6?
Why the sub $2 now?
CharlesAbernathy
Are you still Shorting this asset?
Looks to have broken out of slight downward channel, turned out to be a Bull Flag.
Thanls
TIGHTCRYPTO
what is your opinion at the moment
whether there will be a bearish movement in the near future (1-2 weeks) ?
or is it better to buy now for a long term?

Thanks you 🙏
PolarHusk
very nice weekly view analysis 🐻❄️🙏😊😃
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