Mar 21, 2019 --- Blog
Daily Chart
XTZBTC continues to move higher following the triangle breakout earlier this week which is keeping SCMR signals bright green and candle formations bullish while market structure improves drastically, all good news for the bulls moving forward, as are the now rising EMA's and the still active dynamic support dots below the market. Also note that volume is improving and the momentum oscillators still have some room to run higher, so we would not be surprised to see a continuation up to the 0.000xx's over the coming days before a retracement to establish new support materializes. Longer-term things look very good considering we have a double bottom within an Adam & Eve so we'll be looking to buy dips when given the opportunity.
Short term Members ProTrade - We will consider a small LONG position on a retracement back down to the 0.000xx - 0.000xxx area with a stop just below 0.000xxx and a target of 0.000xxx.
Medium term Members ProTrade - We will consider a LONG position on a continuation down to the 0.000xxx - 0.000xxx with a stop just below 0.000xxx and a target of 0.000xxx.
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