expect a higher low at 4.7-4.8, low volume breakout, spring formed previously, look for confirmation and momentum shift in 15mins timeframe, SL below $4 (prev spring and order block) , looking at $8 TP in short term (trendline and 4$ range of accumulation)
Exciting project this one, interesting news recently, I personally believe this coin has a good future. Daily has come down and rejected off 0.5fib and now looking to bounce of the 0.618 fib. More upside to come, these are only mid term targets I do not question that these values can easily be reached. Especially once we break through 4.5$. Always take risk when...
Xtz is currently forming higher highs and lower highs.
I have been bullish on xtz for a while and my opinion in stays the same.
A test back down to the $3 area to form another a higher low and then I see it testing $3.50 and then $3.90
Be safe trading.
Like is much appreciated
As of my previous post on XTZ/USD has broken to the upside and has now closed above the major resistance of the $2.40 area on the 4hr.
I expect XTZ to play catch up this alt cycle as it's barely moved and has ranged the past few months.
Lower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice point on the Fib Extension, Invalidation level in red as always. Anyways, I am longing this one once again. I will be following this space closely.
Action: Set limit sell orders between $4.137 and $3.971
Stop Loss: $4.349
Take Profit: $3.293 (between the 0.236 and 0.382 retracement)
Order valid: 24 hours from publication
Not Financial Advice