Let's hope XTZ breaks the ascending triangle. The resistance area is expected around 2.2, and the local support area around 1.48. However, let's hope it goes for the best! We love Tezos, and it's currently around its yearly bottom as well.
The chart below outlines are trading indicator which is still in a long phase, however, it should have shorted a while back. This is why chart patterns are useful in addition to indicators!
The chart below outlines are trading indicator which is still in a long phase, however, it should have shorted a while back. This is why chart patterns are useful in addition to indicators!
Note
Since it was a neutral pattern with a higher inclination to continue downwards, that is what happened. Support around $1.50
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.
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.