Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
This is a setup that needs confirmation before acting upon. I do not recommend entering a trade at the time of posting.
XTZUSD
shows a cup & handle formation developing. In order for this bullish pattern to be valid, it needs to break the previous high at $2.91. If it does, I expect a higher high.
Price has previously respected the $2.61 area, which acts as (weak) support at the moment.
For now I'm sitting on my hands and watching the charts. I will update you if I see anything noteworthy.
Good luck traders!
- Jelle
This is a setup that needs confirmation before acting upon. I do not recommend entering a trade at the time of posting.
XTZUSD
shows a cup & handle formation developing. In order for this bullish pattern to be valid, it needs to break the previous high at $2.91. If it does, I expect a higher high. Price has previously respected the $2.61 area, which acts as (weak) support at the moment.
For now I'm sitting on my hands and watching the charts. I will update you if I see anything noteworthy.
Good luck traders!
- Jelle
Comment:
Those who placed their entries at $2.61, congrats.
