XTZ failed breakout and retest for COINBASE:XTZUSD by nagihatoum

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trendanalysis gann chartpattern xtz xtzusd

Selling pressure is obvious.

Comment: back under the resistance

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Comments

I dumped mine just a few hours ago at 3230 ... I consider myself "risk averse". 🤡☯️🐬

IamPhoenix33

@IamPhoenix33, i didn't notice before but if it goes down it will complete a head and shoulders.

ssari

@ssari, I see.

I see a inverted head and shoulders on the hourly with little volume ...

Alibaba943

Just like I said. ;-)

Nice idea!

Doubt it based on yesterday's strength - there is a bullish engulfing.

AryaxS

@AryaxS, it needs to go over resistance, if daily closes below resistance than rejection is confirmed. Also many bearish divs on the 4 hours.

nagihatoum

@nagihatoum, Agree it needs to go over the resistance - today should be the day to see where it's heading. I honestly do not see bearish divs on the 4h, isn't MACD going to cross 0? Didn't see div on RSI tho? Candle pattern also isn't bearish to me. Anyway we will see today! I actually wish it could retest because I hold some cash waiting to accumulate more.