XTZUSD Inverse Head and Shoulders going for 1.9000
Tezos / XTZUSD has completed an Inverse Head and Shoulders pattern.
Its technical target is a symmetric leg of the distance from the Head to the Neckline. That is +68.66%.
The MA50 1D is supporting since January 12th.
Trading Plan:
1. Buy the pullback to the MA50 1D or if Resistance (1) breaks first.
Targets:
1. 1.9000 (slightly under Resistance 2).
Tips:
1. The RSI 1D Bullish Flag broke upwards, giving more probabilities to continuing the bullish trend.
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Its technical target is a symmetric leg of the distance from the Head to the Neckline. That is +68.66%.
The MA50 1D is supporting since January 12th.
Trading Plan:
1. Buy the pullback to the MA50 1D or if Resistance (1) breaks first.
Targets:
1. 1.9000 (slightly under Resistance 2).
Tips:
1. The RSI 1D Bullish Flag broke upwards, giving more probabilities to continuing the bullish trend.
Please like, follow and comment!!
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