Possible Break from $1.80 Downtrend

٨ يناير ٢٠٢٠

We have our first new candle formations above the downtrend on both the 1 & 4 hour charts since we topped out around $1.80. Eyeing strong closes above $1.35 for confirmation, which would also move us into the Kumo. A bullish TK cross on both hourly & 4 hour would further confirm reversal trend and keep us above the cloud of the daily. It's possible if BTC keeps pumping it pulls a lot of the alt-market up along with it (though XTZ still appears to pump/dump inversely to BTC and major alts like ETH at times).

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Cheers!