XTZ is moving into ascending pennant

Hi everyone

the price is now forming an ascending pennant... so there is a big chance

the candle manage to break above our local resistant level( yellow dot line)

Only if the price can close above the line, upward pressure make sense.

target will be between 2.4$ and 2.55 or testing the top line of our pennant.

Bollinger bands and Ichimoku both indicate on bullish scenario right now.

our support level would be around 1.9$ level.



Enjoy the market

Trade active:

still we have hope the underline of our pattern or 1.9$ support level hold the price
so our stop loss would be below 1.9$