XTZ vs USD
"What to do with such volatility and what to look for"
If you look at what has happened to the coin lately, it is obvious that this is some kind of madness (highlighted in a red square)
In order not to complicate everything, several points can be highlighted:
According to the MACD indicator, we see that there was no formed divergence as a prerequisite for a counter move, which means that with a greater probability we are still waiting for a new price maximum and minimum according to the MACD indicator.
In general, the trend is still upward, if we start from the last impulse, which determined the historical maximum for us. The beginning of this impulse is marked with a blue tick - the bears will have to try to renew it in order to change the trend.
Well, if we look at the situation completely locally, we will see that we have a positive construction with the minimums and maximums (marked with red and black ticks) This means that locally we have a positive trend and more globally, as mentioned earlier.
Total: the situation is not easy and it will not be easy to buy on time, but we are more likely to see a new historical maximum as a denouement. One of the solutions may be to buy a coin for a very small part of the deposit, so as not to get nervous looking at this volatility.
"What to do with such volatility and what to look for"
If you look at what has happened to the coin lately, it is obvious that this is some kind of madness (highlighted in a red square)
In order not to complicate everything, several points can be highlighted:
According to the MACD indicator, we see that there was no formed divergence as a prerequisite for a counter move, which means that with a greater probability we are still waiting for a new price maximum and minimum according to the MACD indicator.
In general, the trend is still upward, if we start from the last impulse, which determined the historical maximum for us. The beginning of this impulse is marked with a blue tick - the bears will have to try to renew it in order to change the trend.
Well, if we look at the situation completely locally, we will see that we have a positive construction with the minimums and maximums (marked with red and black ticks) This means that locally we have a positive trend and more globally, as mentioned earlier.
Total: the situation is not easy and it will not be easy to buy on time, but we are more likely to see a new historical maximum as a denouement. One of the solutions may be to buy a coin for a very small part of the deposit, so as not to get nervous looking at this volatility.