Market insights
XTZ 1D - Rising WedgeBest target is 0.23 FIB retracement if breakdown occurs.
I've put in Pink SPX price which is going very similar those days.
XTZ - Future is nowThe breaking is coming very soon!
Are you short or long. I'm 50,1% short in middle term with a retest and confirmation of 1$ bottom.
Share your POV
XTZ - Market Cap - 4H - Possibilty of (ugly) H&S + Chart choose1) We can see a forming H&S, which is not perfect and not confirmed yet. The first shoulder does not look well, but the forming second looks more nice.
What is interesting is the price target after this H&S could fall perfectly to a good support line.
There is also some support/resistance zone to cross before reaching this point.
2) Why do I use XTZ Market Cap chart instead of pairs?
XTZ volume is still low and is splitted in different exchanges and pairs.
Some pairs like XTZ/EUR on Kraken has a very low volume in important moments. I've been several times been false with my trendlines because the volatility makes me wrong with lower or higher candles compared to other pairs.
XTZ Market Cap chart is like an average of all charts and reflect, in my opnion the best trend possible. We can use it for H4 and more timeframe for the big trendline then we can switch to our trading pairs XTZ/Currency (not working for XTZ/CRYPTOCURRENCY!!) for the lower timeframes and goals.
Market Cap XTZ - 1D - Two major resistancesPink Trendline Resistance
Fibo 0.3 resistance
Stochastic is oversold.
Be very carefull if you are bullish on this one.
