🔥 XTZ Climax Top Likely In: High Volume Reversal Candle

XTZ has seen the most volume traded today since December 2021. This, combined with a reversal candle on the daily chart, makes me believe that today was a so called "climax top".

In my view, XTZ has most likely topped for now. I'm looking for a move back towards the $1 level.

However, if BTC can manage to see some gains in the near future, we might reverse before $1. Volume like this sets off alarm bells, so I'm waiting for $1.

Commentaire:

Correctly predicted the climax candle. Not sure if we're actually going to reach $1, but I'm still not interested in buying.

Commentaire:

$1 hit, and reversed sharply!