It seems to me as if a resistance is forming around 0.98-1.005 lvl. If the market reverses, Keeta might see some inflows as well, as the general direction will reverse. The moves of this coin have been quite aggressive so it might be worth keeping an eye on the downside as well.
Looking to execute this trade over the weekend. The dotted line is set for additional PO.
What I am keen to see is a reversal upon good news -- market seems quite exhausted so it might move easily to the upside.
Betting this chart.
Very high risk trade as XIA has been known for being volatile especially in day like today.
I am interested to see how this is going to react to the CPI data.
Is it going to pump with the whole market?
There is a posible faling wedge pattern here.
Crosspoint of confluence between 3 possible triggers.
Namely:
- Inverted Triangle structure (bullish)
- Invalidation of downtrend
- bounce of a semi-strong support
I would be longing this for 3R.
Let‘s see..
