Hello investors! Ok, so today’s movement was quite stressing, right? Let’s see if we have real reasons to worry here. But first, remember to follow me to keep in touch with our trades and analyses! I’ll keep you updated every day about Tezos and other cryptos, so stick around!
So, what happened today was a crash. That kind of event happens frequently, and always brings some volatility to the market. We are used to it, and it doesn’t scare anyone here. If we look closely, we’ll see that XTZ crashed down to seek the blue line at $ 2.60, which I left there because it is an important price level, as it was support and resistance sometimes in the past.
Yes, it was surprising, I’ll not lie, but not scary. Even during a turbulent moment, the price always respects the technical analysis, and since we are prepared, we don’t fear this kind of movement. Now, let’s see the daily chart for a better view:
Everything seems normal here, despite of the long shadows left by today’s candle. The price is trading above the 21 ema and is close to the first green line in the “new resistance zone”, as it was just a few days ago. It is a bullish trend, and this crash was just an opportunity to buy.
Nothing changes here, and I hope you guys didn’t got too scared by the volatility. It was not the first, and won’t be the last crash we will see, that’s why is important to study the chart, to be prepared during the stressful moments and remain calm.
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. *
So, what happened today was a crash. That kind of event happens frequently, and always brings some volatility to the market. We are used to it, and it doesn’t scare anyone here. If we look closely, we’ll see that XTZ crashed down to seek the blue line at $ 2.60, which I left there because it is an important price level, as it was support and resistance sometimes in the past.
Yes, it was surprising, I’ll not lie, but not scary. Even during a turbulent moment, the price always respects the technical analysis, and since we are prepared, we don’t fear this kind of movement. Now, let’s see the daily chart for a better view:
Everything seems normal here, despite of the long shadows left by today’s candle. The price is trading above the 21 ema and is close to the first green line in the “new resistance zone”, as it was just a few days ago. It is a bullish trend, and this crash was just an opportunity to buy.
Nothing changes here, and I hope you guys didn’t got too scared by the volatility. It was not the first, and won’t be the last crash we will see, that’s why is important to study the chart, to be prepared during the stressful moments and remain calm.
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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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
