XTZ is looking like it could use a correction, after touching a resistance trendline and breaking above with little volume its likely well see a decline/correction. I've marked 2 paths, we either see strong bullish action which I deem less likely or a stronger correction that coincides with a break of that parabolic curve. Shorting this is rather risky, as the general crypto market is bullish at the moment. Good luck!
*Personal opinions, do no trade on tradingview posts, make your own analysis.*
*Personal opinions, do no trade on tradingview posts, make your own analysis.*
Note
so far so goodNote
It seems to be retesting that parabolic curve, chances of it going down are higher than of it going up.Note
Quite clearly making a pennant;
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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.