TEZOS (XTZ) - 6h. Buyers have started a new test attempt of $10
If we look at the situation on the XTZUSDT market globally, we see how difficult it is for buyers to take control of the global range of $3.9-4.5:
The first attempt by buyers to gain a foothold above this range was back in February 2020. After the tragic events of March 13, 2020 across the entire crypto market, buyers rallied themselves. And on August 20, we again saw the test of this range. However, even large trading volumes did not allow the price of Tezos (XTZ) to gain a foothold above this liquid zone.
The current attempt by buyers to take control of $3.9-4.5 looks successful. Although buyers were unable to hold onto their initiative on February 21, the main trend line that buyers have held from January 2021 is holding firmly.
At the moment, after updating the historical high, buyers managed to keep the range of $3.9-4.5 and declare their readiness to continue the upward trend.
If you look at the local situation, the first liquidity zone on the way to the renewal of the high is in the range of $5.5-5.6. After fixing above it, you can buy XTZ with lower risks than now. It will be possible to buy this coin after breaking through the range of $6.1-6.3. Considering the fact that the price of XTZ did not fall outside the black growth channel, the probability of growth above $10 remains high.
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The first attempt by buyers to gain a foothold above this range was back in February 2020. After the tragic events of March 13, 2020 across the entire crypto market, buyers rallied themselves. And on August 20, we again saw the test of this range. However, even large trading volumes did not allow the price of Tezos (XTZ) to gain a foothold above this liquid zone.
The current attempt by buyers to take control of $3.9-4.5 looks successful. Although buyers were unable to hold onto their initiative on February 21, the main trend line that buyers have held from January 2021 is holding firmly.
At the moment, after updating the historical high, buyers managed to keep the range of $3.9-4.5 and declare their readiness to continue the upward trend.
If you look at the local situation, the first liquidity zone on the way to the renewal of the high is in the range of $5.5-5.6. After fixing above it, you can buy XTZ with lower risks than now. It will be possible to buy this coin after breaking through the range of $6.1-6.3. Considering the fact that the price of XTZ did not fall outside the black growth channel, the probability of growth above $10 remains high.
___________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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