Possible XTZ Double top formation and bearish reversal

2021년 3월 19일

Double top formation will be confirmed if the price will fall below a support level between the two prior highs and this can be a signal that the overall uptrend is losing its momentum and the trend might be going sideways, or even reversing since double tops often lead to a bearish reversal. So in case the price will unfold like this, I will not enter in longs and will wait for bottom around 2,5$.

What you think about that?

2021년 3월 19일

노트

P.S. This is a reversed chart.

2021년 3월 25일

노트

Well I didn't suppose this idea to play out but it did