XTZ - I'm still waiting.
The bulls and the bears are fighting at this point, and the price gets “sleepy”, moving sideways because no one seems to be wining this fight. As I said in my last analysis, I'll wait for the price to drop a little further to buy, could it be the 21 ema, the blue trendline or even at the red lines. I'm still not comfortable buying XTZ right now. It could go up, yes, but better be safe than sorry.
Let’s look the hourly chart for some clues:
Am I seeing a triangle here? Typically, triangles are continuity patterns, so in theory, the bullish trend will resume. But we should wait for some confirmation here.
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. *
Let’s look the hourly chart for some clues:
Am I seeing a triangle here? Typically, triangles are continuity patterns, so in theory, the bullish trend will resume. But we should wait for some confirmation here.
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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