Head and shoulders forming on the 4H chart and a strong RSI and CCI bearish divergence currently which XTZ reacts to wach time. Expecting a drop down to the neckline at around 1.85.
Note
Already tagged 1.95 (0.382 fib).
I expect further downside after a slight bounce
Trade closed: stop reached
Trailing profit tagged at 1.97
Head and shoulders pattern invalidated
Note
As crypto does sometimes scam pumps occur. XTZ actually came down to our original target of 1.85 2 days after getting stopped out.
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