1. I think breakout is wrong....lack of volume, no clear and decisive bullish action...candle is indecisive 2. 4 hour time frames going against daily time frames is prone to have too much noise 3. In a consolidation range, so called triangles usually morph in rectangles - prices tend to head back into range after failed breakouts 4. WHOLE MARKET IS RED.... a rising tide lifts all ships..i do not expect XTZ and a few other alts to lift up the heavy punchers
This would be a NO buy for me
AuracleatFungii
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If the Telegram chats on June 15 are released, then the wider crypto market sells off, including XTZ. We are looking at sub $1.40
Great publication. Graphic analysis as if from textbooks. You can see that you have worked through several timeframes, the older timeframes also confirm your arguments. Thank you for your work!
2. 4 hour time frames going against daily time frames is prone to have too much noise
3. In a consolidation range, so called triangles usually morph in rectangles - prices tend to head back into range after failed breakouts
4. WHOLE MARKET IS RED.... a rising tide lifts all ships..i do not expect XTZ and a few other alts to lift up the heavy punchers
This would be a NO buy for me