Short
XTZ.D - risk to reward
Risk to reward for a roll over down is better then for a continued breakout here , imo:
Resistance to both BTC and ETH on so many levels.
Also, overbought on multiple time frames to BTC, ETH, and USD.
Could sell to:
1) Btc dominance hold
2) Btc halving effect
3) Eth dominance breakout
4) Flight to safety fiat, commodities if total crypto turns risk-off
5) Other alt breakout setups. musical chairs.
Also, still watching crypto coupling with equity markets..
That said, consolidation here is bullish, as is any highs above March / Feb highs to BTC.
Resistance to both BTC and ETH on so many levels.
Also, overbought on multiple time frames to BTC, ETH, and USD.
Could sell to:
1) Btc dominance hold
2) Btc halving effect
3) Eth dominance breakout
4) Flight to safety fiat, commodities if total crypto turns risk-off
5) Other alt breakout setups. musical chairs.
Also, still watching crypto coupling with equity markets..
That said, consolidation here is bullish, as is any highs above March / Feb highs to BTC.
Note
looks like 1 and 2 are going to be itNote
Still going down. Breaking trendline now also.Note
Hmm here. Its stalling to decide now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.