Possible XTZ Double top formation and bearish reversal
Mis à jour
Double top formation will be confirmed if the price will fall below a support level between the two prior highs and this can be a signal that the overall uptrend is losing its momentum and the trend might be going sideways, or even reversing since double tops often lead to a bearish reversal. So in case the price will unfold like this, I will not enter in longs and will wait for bottom around 2,5$.
What you think about that?
What you think about that?
Note
P.S. This is a reversed chart.Note
Well I didn't suppose this idea to play out but it did
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.