Notice on this chart we have a descending channel. At the end of the descending channel, 18-June, we see really high buy volume. After the down-move within the channel we see the development of an ending diagonal, which is a reversal pattern. All works out pretty well.
There is a strong decline and we have strong bearish volume as this decline is happening. The decline ends with massive buying and we see how the volume bars turn from red to green. And this is followed by a reversal pattern. It is only natural to expect a bullish breakout followed by strong growth; as we can clearly see the sequence going from bearish to neutral, from neutral it will evolve and turn bullish, bullish will lead to growth.
The daily RSI bottomed 11-June 2023, followed by a higher low in April 2024. At this same time, XTZBTC has been going down and this produces a very strong bullish divergence, which is another reversal signal.
The daily MACD bottomed December 2022 and here we also have a long-term bullish divergence.
This pair is ready to grow.
Thank you for reading.
Namaste.
There is a strong decline and we have strong bearish volume as this decline is happening. The decline ends with massive buying and we see how the volume bars turn from red to green. And this is followed by a reversal pattern. It is only natural to expect a bullish breakout followed by strong growth; as we can clearly see the sequence going from bearish to neutral, from neutral it will evolve and turn bullish, bullish will lead to growth.
The daily RSI bottomed 11-June 2023, followed by a higher low in April 2024. At this same time, XTZBTC has been going down and this produces a very strong bullish divergence, which is another reversal signal.
The daily MACD bottomed December 2022 and here we also have a long-term bullish divergence.
This pair is ready to grow.
Thank you for reading.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.