Keeping this one short.
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.
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.
Trade closed: stop reached:
Trailing profit tagged at 1.97
Head and shoulders pattern invalidated
Head and shoulders pattern invalidated
Comment:
As crypto does sometimes scam pumps occur. XTZ actually came down to our original target of 1.85 2 days after getting stopped out.
I expect further downside after a slight bounce