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Tezos
Short
Updated

XTZ Short - Similar Pattern as last cycle on the weekly

400
Printing a weekly red candle for Heikin Ashi candle. Looks like the beginning for a downtrend.
Note
Re entered over the weekend 50% at 2.40.

Have the other half for a fill at 2.25.
Note
Ascending wedge forming on the 4h and daily candles. Another drop expected.

However, a bullish cloud bounce on the daily for TOTAL and TOTAL2 crypto market could rip this up the wedge. Keeping next entry at 2.25 but a break above the wedge and I'm buying back in.
Note
Broke the ascending wedge on the daily. Get ready for your 2.25 buys. Will probably even dip lower. Pays to follow the charts and ignore sentiment.
Trade closed: target reached
Went camping over the weekend and came back to 1.95. Entered the other half. Trade closed.
malacus
Candlestick AnalysisshortXTZBTC

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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.
Candlestick AnalysisshortXTZBTC
malacus

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.