It's a weird megaphone/parallel looking channel.
Regardless,
it's the bottom of the channel, and the it's expected to rise as the RSI MA and RSI (5) are both in oversold along with the channel.
Strictly from chart analysis, this is looking like it will rise ot $0.94 very soon.
Volume profile in comments below
Regardless,
it's the bottom of the channel, and the it's expected to rise as the RSI MA and RSI (5) are both in oversold along with the channel.
Strictly from chart analysis, this is looking like it will rise ot $0.94 very soon.
Volume profile in comments below
Note
Volume profile on daily indicating buy signalOrder cancelled
Failed patternNote
XTZ will be getting back in range with a move up to 0.9 very soon. Very low interest in the current price. Look at the sideways range volume in the picture. It's below the average. People don't want to it here. This is just trapped between two liquidity zones that's why it's showing VERY NARROW range candles. Explosive move coming soon. The blue lines are liquidity lines, where most traders are waitingNote
Note
Very beautiful daily candle beating the S&R today, and aiming for 8.40. We just need it to get to 8.74 for an interesting move! Take a look at blue liquidity and red s&R lines
Note
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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.