TezosLong
XTZ/USD daily M pattern
Updated
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.
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.
Trade active
Order has been triggered.Trade active
Stop loss has been moved to entry, we are running risk freeTrade closed: stop reached
Price has dropped back to entry, resulting in a Break Even trade.
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