TradingView
trashpanda19
Sep 11, 2020 8:25 PM

One more leg down? Short

Tezos / United States DollarCoinbase

Description

It seems like the buy zone is at $2-1.80 maybe in the form of a bull wick. Am I missing anything?

Comment

Still on track with lower lows with XTZ despite bitcoin rebounding. Confirm with an oversold RSI below 30 when we get there.
Comments
jbwathen89
Seems to be possibly turning to the upside? But I suppose this may be a Bearish Flag formation?
PolarHusk
GreatWork
AryaxS
Nope, this is a greater channel and it's a reserved possibility if BTC were to shit pants in the coming days, but if BTC is stable another channel is in play
trashpanda19
@AryaxS, thank you for the comment. Based on the indicators listed above including RSI they point to lower lows. Also in previous corrections, sharp bull wicks marked the end of such corrections. That is yet to be seen here.. But crypto is crypto no one can say that they can't take off from these levels.
wjpb
@AryaxS, still can make 1 more leg down if you look ar a longer time frame
AryaxS
@wjpb, Exactly. I think you misunderstand what I mean by nope. The nope was the answer to "am I missing anything".
wjpb
@AryaxS, ahh indeed!
More