Hey everyone,
after some consolidation in a clear range I believe XTZ is ready to continue it's trend up.
What we see here is a range bound price action that is ready to expand in a given direction.
Ignoring here the effect of Bitcoin on altcoins slightly, the bias for the break on this symmetrical pennant is up due to the - you guessed it already - previous trend.
Nice confluence with the Point-of-Control and a decent Risk-Reward-Ratio.
Let's see what it bring.
Take care,
Vlad The Crypto Trader
after some consolidation in a clear range I believe XTZ is ready to continue it's trend up.
What we see here is a range bound price action that is ready to expand in a given direction.
Ignoring here the effect of Bitcoin on altcoins slightly, the bias for the break on this symmetrical pennant is up due to the - you guessed it already - previous trend.
Nice confluence with the Point-of-Control and a decent Risk-Reward-Ratio.
Let's see what it bring.
Take care,
Vlad The Crypto Trader
Trade closed: target reached
Wow, I'm surprised we reached TP on this one to be honest
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Related publications
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.