XTZ has been an outstanding performer in Nov and early December showing relentlessness in this currently stagnant crypto market.
However, clearly seen in this chart, a large degree of bearish divergence is printing which signifies a temporary top and a potential downside cool-off period.
With these small cryptocurrencies, there is certainly a chance that the price is being manipulated by some large pockets so trade carefully. There is always a chance this coin gets pumped to the moon. If that is the case, I advise not to chase the price.
Current top sits at 1.85. Look for a minimum retrace to 0.236 @ 1.59.
If price falls below white trend line, a larger degree of correction is at hand - likely 0.5 or 0.618.
If price falls to 0.382 (1.43) in the near term, keep eyes open for a H&S.
However, clearly seen in this chart, a large degree of bearish divergence is printing which signifies a temporary top and a potential downside cool-off period.
With these small cryptocurrencies, there is certainly a chance that the price is being manipulated by some large pockets so trade carefully. There is always a chance this coin gets pumped to the moon. If that is the case, I advise not to chase the price.
Current top sits at 1.85. Look for a minimum retrace to 0.236 @ 1.59.
If price falls below white trend line, a larger degree of correction is at hand - likely 0.5 or 0.618.
If price falls to 0.382 (1.43) in the near term, keep eyes open for a H&S.
