XTZBTC approaching long term resistance
Hello Tezos hodlers and traders,
It would appear Tezos XTZ has some heavy long term resistance approaching at 0.00022 sats. Tell me what you think will it bounce off the top of the channel like all previous touches since 2018 or will it break through? I am bullish on XTZ but the reality is if BTC breaks out this month and pushes to 100k usd then XTZ will likely bounce off the top of this channel. There is a chance that XTZ outperforms BTC and still breaks out, but it might be a good time to take profits and reasses. Currently, I am more bullish on the XTZUSD pair until a breakout above this channel is confirmed.
This is not financial advice or a trading advice it is to used for educational purposes only.
I am not a financial advisor
Happy trading
It would appear Tezos XTZ has some heavy long term resistance approaching at 0.00022 sats. Tell me what you think will it bounce off the top of the channel like all previous touches since 2018 or will it break through? I am bullish on XTZ but the reality is if BTC breaks out this month and pushes to 100k usd then XTZ will likely bounce off the top of this channel. There is a chance that XTZ outperforms BTC and still breaks out, but it might be a good time to take profits and reasses. Currently, I am more bullish on the XTZUSD pair until a breakout above this channel is confirmed.
This is not financial advice or a trading advice it is to used for educational purposes only.
I am not a financial advisor
Happy trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.