Hello traders hope everyone is having a great Sunday!
XTZ bearish trade setup with a 10% drop likely to happen today
Breakdown should happen after XTZ is below $7.15 and from there
we can expect a sell off all the way down to around $6.5 - $6.6 area
which is our (Buy zone) in the chart. Expect a bounce back up to previous
support ($7.15) which likely will...
As you can see Tezos(XTZ) was in a triangle and now the price crosses over the top line of the triangle which is a good signal to buy.
If the pullback is completed to the zone(B), and a good bullish candle pattern occurs. it's time to enter the position.
Target1: C (10%)
Target2: D (20%)
Stop Loss: Below A
Caution: due to the uncertain...
what is better than an engulfing candle stick pattern right at the resistant zone and upper median line of a pitchfork for a short position which is rejected at 50 level rsi? what could possible go wrong ;)?
hi guys we have nice chart above formation of candles and trendlines are very very good everything is clear my targets are 0.89 and 1.27 level and 1.61 extention fib as u see i expect a correction after 0.78 level and then another drop i hope u enjoy it