XTZUSDT is displaying the Cup & Handle basing formation. There was recently a ~400% volume breakout from the 50day MA. If XTZ breaks the high point of the handle, that will initiate the next bull run.XTZ has been in a 25 wk basing pattern ~70% cup depth & ~25% handle depth.
Pivot point: $9.15
Target Profit: $11.5 - $12.5
Stop Loss: $5.65
Note
Congress just passed a new reporting/taxing law. There will likely be a mass selloff. I am looking at this as more of a buying opportunity than anything else.
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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.