malacus

XTZ Short - Similar Pattern as last cycle on the weekly

Short
malacus Updated   
KRAKEN:XTZUSD   Tezos
Printing a weekly red candle for Heikin Ashi candle. Looks like the beginning for a downtrend.
Comment:
Re entered over the weekend 50% at 2.40.

Have the other half for a fill at 2.25.
Comment:
Ascending wedge forming on the 4h and daily candles. Another drop expected.

However, a bullish cloud bounce on the daily for $TOTAL and $TOTAL2 crypto market could rip this up the wedge. Keeping next entry at 2.25 but a break above the wedge and I'm buying back in.
Comment:
Broke the ascending wedge on the daily. Get ready for your 2.25 buys. Will probably even dip lower. Pays to follow the charts and ignore sentiment.
Trade closed: target reached:
Went camping over the weekend and came back to 1.95. Entered the other half. Trade closed.
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