XTZ has been one of the best performing coins so far.
Now It's on a range after it's recent rally
It might soon enter a VERY STRONG area of support, with the confluence of:
The 50 MA
1 Previous swing high acting as support
1 Previous swing low acting as support
The Ichimoku Cloud also acting as support
I think this area will prove to be strongly defended by buyers and if BIITCOIN:USD can continue in its current range or rally without a massive DUMP this will hold.
I'm looking to enter my longs around this area and especially if we have a false breakdown.
If we continue rallying after hitting this area of support this may prove to be an impressive trade.
Now It's on a range after it's recent rally
It might soon enter a VERY STRONG area of support, with the confluence of:
The 50 MA
1 Previous swing high acting as support
1 Previous swing low acting as support
The Ichimoku Cloud also acting as support
I think this area will prove to be strongly defended by buyers and if BIITCOIN:USD can continue in its current range or rally without a massive DUMP this will hold.
I'm looking to enter my longs around this area and especially if we have a false breakdown.
If we continue rallying after hitting this area of support this may prove to be an impressive trade.
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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.