🔥 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.
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.
Note
Correctly predicted the climax candle. Not sure if we're actually going to reach $1, but I'm still not interested in buying.Note
$1 hit, and reversed sharply!
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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.