XTZ failed breakout and retest Short

COINBASE:XTZUSD240

Tezos / United States DollarCoinbase

Description

⋅ Jul 22, 2020 10:28 AM

Selling pressure is obvious.

Comment

⋅ Jul 24, 2020 7:17 AM

back under the resistance

Comments

IamPhoenix33

⋅ Jul 22, 2020 12:28 PM

I dumped mine just a few hours ago at 3230 ... I consider myself "risk averse". 🤡☯️🐬

nagihatoum

⋅ Jul 22, 2020 12:31 PM

@IamPhoenix33, i didn't notice before but if it goes down it will complete a head and shoulders.

ssari

⋅ Jul 24, 2020 10:50 AM

nagihatoum

⋅ Jul 24, 2020 10:52 AM

@ssari, I see.

Alibaba943

⋅ Jul 22, 2020 5:09 PM

I see a inverted head and shoulders on the hourly with little volume ...

Alibaba943

⋅ Jul 22, 2020 11:45 PM

Just like I said. ;-)

Phi-Deltalytics

⋅ Jul 22, 2020 4:02 PM

Nice idea!

AryaxS

⋅ Jul 22, 2020 10:30 AM

Doubt it based on yesterday's strength - there is a bullish engulfing.

nagihatoum

⋅ Jul 22, 2020 10:33 AM

@AryaxS, it needs to go over resistance, if daily closes below resistance than rejection is confirmed. Also many bearish divs on the 4 hours.

AryaxS

⋅ Jul 22, 2020 10:38 AM

@nagihatoum, Agree it needs to go over the resistance - today should be the day to see where it's heading. I honestly do not see bearish divs on the 4h, isn't MACD going to cross 0? Didn't see div on RSI tho? Candle pattern also isn't bearish to me. Anyway we will see today! I actually wish it could retest because I hold some cash waiting to accumulate more.