As you can see, XTZ has broken out of it's falling wedge formation, signaling a temporary bottom.
In addition, the price has retested the previous breakout line and appears primed to continue upwards.
Next major resistance looking to be around the $3.02 level. Ultimately, if the formation plays out, target #1 will be in the $3.50 zone.
In addition, the price has retested the previous breakout line and appears primed to continue upwards.
Next major resistance looking to be around the $3.02 level. Ultimately, if the formation plays out, target #1 will be in the $3.50 zone.
Note
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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.
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.