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Take Profit on XZC, Wave 5 of Elliot wave completed
4 key things I see here.
1. Wave 5 of elliot wave theory hit, possibly time for ABC correction.
2. Volume is hitting its record high, markets tend to bottom out or peak at their highest volume. Look at the last time xzc say this much volume, it marked the high of that market cycle.
3. On it's usd chart it just hit the top of the trend channel, a channel tat held true from $6 up to $40.
4. RSI overbought on weekly and daily.
1. Wave 5 of elliot wave theory hit, possibly time for ABC correction.
2. Volume is hitting its record high, markets tend to bottom out or peak at their highest volume. Look at the last time xzc say this much volume, it marked the high of that market cycle.
3. On it's usd chart it just hit the top of the trend channel, a channel tat held true from $6 up to $40.
4. RSI overbought on weekly and daily.
Nota
Wouldn't be surprised if we see .0037 then double top.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.