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KoryptoBlockchain
19 kwi 2022 20:28

XTZ/USD daily M pattern Long

Tezos / United States DollarCoinbase

Opis

Fundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin

Technical: There is a daily M pattern that has formed depicted in white ( bullish ). This pattern completes at the neckline depicted by green. There is also a double bottom that has printed (blue). The weekly chart has printed a triple bottom depicted by yellow ( bullish ). Lower timeframes will be analyzed to determine entry point.

Zlecenie aktywne

Order has been triggered.

Zlecenie aktywne

Stop loss has been moved to entry, we are running risk free

Transakcja zakończona: osiągnięto poziom stop

Price has dropped back to entry, resulting in a Break Even trade.
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