Hi All,
Short to the point as the chart shows more observations and thoughts:
Observation:
> The momentum like BTC is on the downward trend, even though XTZ is in an upward bound trend.
> We are looking at having a higher low and I have confluence with the EMA, previous support and bottom trend line with the anticipated bullish formation that D is the target.
> The MACD and the RSI on the daily are pointing for more downward movements as well.
Thoughts:
> As per the chart, I see Tesoz with more losses to be had headed for the 100 to 150 EMA on the daily.
> Another 10 days or so, of this price action in this mini channel.
> Short term, on the hrly or more, bullish divergence being created.
Regards,
S.Sari
Short to the point as the chart shows more observations and thoughts:
Observation:
> The momentum like BTC is on the downward trend, even though XTZ is in an upward bound trend.
> We are looking at having a higher low and I have confluence with the EMA, previous support and bottom trend line with the anticipated bullish formation that D is the target.
> The MACD and the RSI on the daily are pointing for more downward movements as well.
Thoughts:
> As per the chart, I see Tesoz with more losses to be had headed for the 100 to 150 EMA on the daily.
> Another 10 days or so, of this price action in this mini channel.
> Short term, on the hrly or more, bullish divergence being created.
Regards,
S.Sari
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