XTZUSDT | Descending Broadening Wedge Formation..!!#XTZUSDT (Binance)
Forming Descending Broadening Wedge Pattern in Daily timeframe Chart.
If Wedge Broken Upside, Expecting Massive Bullish Wave in Coming Week So Keep your Eyes on it..
In Case of Upside Breakout, Midterm Target Would be ~10$ ..
Please like the Idea for Support & Appreciation..!!
XTZUSDT trade ideas
XTZ repeats history?Just an idea I wanted to share, to see if history repeats itself. The price action we're seeing is somewhat similar to just over a year ago. The candles, RSI, and MACD all tell the same story. If history rhymes, XTZ could go sideways and then down to touch the yellow support line before rallying. What do you think?
XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20XTZ 4h 1215 17h20
Tezos (XTZ) technical analysisIf zoom out, we can see that the Tezos is moving in an inverted wedge/triangle pattern. There are support and resistance lines/areas which when the price reaches, will bounce off it. Currently, XTZ is moving down, also in an inverted wedge/triangle. The best area to buy is when the price reaches the area near the bottom of the pattern.
Tezos/usdt long term perspectiveTezos has established a nice uptrend, as we can see the price bounced from 0.786 fibo, longterm trend line and support. I expect price to rise from here until it reaches upper band, but first we need to break out above purple box :).
It is not financial advice, I'm just sharing my personal view.