Today I went back looking at XZC chart after following this for a while.
This is now looking very promising as we revisited ATL where we saw a convincing buy pressure.
Here are a few points for going long IMO:
More cautious traders might want to wait for price to be back above EMAs (not shown here for the sake of simplicity)
> I believe there are nice chances to see the 618fib tested in the coming weeks.
> If those level are tested, then we are jumping back on the green ascending channel, and the party is gonna become even crazier.
Feedback always welcome,
best from Nips
Not financial advice!
This is now looking very promising as we revisited ATL where we saw a convincing buy pressure.
Here are a few points for going long IMO:
- PSAR flip is now giving a BUY signal
- Promising PA when we get to the lower support levels
- Higher Lows in RSI
- Finally getting ready for a further retest of the descending white trend line, drew from August's high
- BTC Dominance pointing down if rejected from current levels
More cautious traders might want to wait for price to be back above EMAs (not shown here for the sake of simplicity)
> I believe there are nice chances to see the 618fib tested in the coming weeks.
> If those level are tested, then we are jumping back on the green ascending channel, and the party is gonna become even crazier.
Feedback always welcome,
best from Nips
Not financial advice!
Comment:
Target reached (: