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UnknownUnicorn3844238
Feb 16, 2020 5:32 PM

Tezos XTZ Parabola possible breakdown.  Short

XTZ / DollarBitfinex

Description

XTZ has broken out of a parabola curve, which predicts an 80% retracement of the advance. Personally I'd expect a retracement to the rectangle formation that Tezos originally broke out of. R/R is bad for a short setup, but if I owned any, I would consider liquidating or hedging here. Also might be worth looking at XTZBEAR tokens.

Order cancelled

Setup invalidated
Comments
TradingV2
will be good to short now, waiting on the daily close to confirm but printing bearish Div on RSI

azhub
thank you for it please can you take a look at
ETH and BSV Bear Token X3
thank you very much
UnknownUnicorn3844238
@azhub, I generally only chart the asset, not the tokens. BSV & ETH are both grey area ATM (no obvious direction).
azhub
@alicecrypt, thx so much
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