Looking with a FINGER on the TRIGGER.
We see that XTZ is still “sleeping”, which is normal after such a strong bullish move. Now, if you are a sniper trader like me, there’s no much to do here but to wait for the next opportunity. Personally, I’m waiting for the price drop all the way to the blue trendline here, or some of the red lines. Who follows me are already familiarized with my style, I’m not a day trader, I like to catch the big moves, as I prefer to make a few awesome trades then a lot of regular, fast trades.
Now, it’s interesting to look the hourly chart:
It lost some supports here, but that’s not the end of the world. I think it can drop even more without spoil the bullish trend. Recently it did a double bottom pattern in a support zone (red line), and if you like faster trades that was a very simple and technical trade, and already gave you nice profits.
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. *
Now, it’s interesting to look the hourly chart:
It lost some supports here, but that’s not the end of the world. I think it can drop even more without spoil the bullish trend. Recently it did a double bottom pattern in a support zone (red line), and if you like faster trades that was a very simple and technical trade, and already gave you nice profits.
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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