XTZ/USD Trend Line Analysis - Hourly
Updated
XTZ was looking great around 2.90ish before it strongly broke above 3 but I missed the opportunity. Overall trend still looks very bullish and attempting long trade on the trend line retest (average long price ~3.06) and will see how it plays out. $3 should serve as fairly strong support now as it's been a pivot area for the last several weeks.
Trade closed: target reached
Target Reached closing out here. Looking like there may be intraday channel in play. May look to get back in around 3.08ish for another quick trade.Trade active
Trying another long here (3.075ish) for a quick trade playing the channel. Expecting drop in overall crypto market very soon but may see another bounce.Trade closed: target reached
Closed Long here at 3.14ish. Correction on trade, my Avg Price was 3.085ish. Mostly a quick scalp trade. Still looks great technically and seems to be breaking out of channel to the upside. Will look for retest to enter into another Long as this next time (if it holds) could mean big move towards 4.Trade active
Going LONG here around 3.11ish anticipating the breakout. Breaking one of my rules by anticipating a trade and not waiting for it to present itself but the chart looks pretty strong.Note
Still in this trade. On the daily it looks to be holding 2.50ish and is holding the uptrend line which started early 2020 and found support at some expected trend lines (will post chart later). May end up being a tough loss but will see how it plays out over the next few days.
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