Hello everyone! Ok, so XTZ is giving us a bullish sign here, it’s behaving similarly to other cryptos, and it seems it is a bullish engulf. Also, we can see that the 21 ema is holding the price for now, which is good for the bulls.
You guys know that I would prefer a sharper correction to buy XTZ, like it did happen with ETH or LTC, but that’s ok. Who already have some XTZ are in a more comfortable position here, in my opinion, and it would be even better if the bulls keep the prices up.
That being said, if you have cash, I believe there’re more interesting cryptos to look for, in my opinion. But if you are in, it isn’t time to sell or go short. It’s worth to hold it tight, and if the price close tomorrow above the 61.8% fib retracement would be perfect for the bulls.
Also, be aware of the hourly chart:
That black line seems to be quite important, and it will be good if the price stay above it, but the bulls wouldn't want to lose that red line. In that case I believe the price will seek further supports like the other red line and the trend line (both in the daily chart). I wish you guys luck!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
You guys know that I would prefer a sharper correction to buy XTZ, like it did happen with ETH or LTC, but that’s ok. Who already have some XTZ are in a more comfortable position here, in my opinion, and it would be even better if the bulls keep the prices up.
That being said, if you have cash, I believe there’re more interesting cryptos to look for, in my opinion. But if you are in, it isn’t time to sell or go short. It’s worth to hold it tight, and if the price close tomorrow above the 61.8% fib retracement would be perfect for the bulls.
Also, be aware of the hourly chart:
That black line seems to be quite important, and it will be good if the price stay above it, but the bulls wouldn't want to lose that red line. In that case I believe the price will seek further supports like the other red line and the trend line (both in the daily chart). I wish you guys luck!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
