Hello Community!
Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated!
When looking at XTZ/USDT we can see it battling a $4.50 resistance. it has been rejected multiple times on the Daily TF and as we know, the more a support or resistance is tested the weaker it becomes. With that being said It is still looking bullish to me and is comfortably trading above the 55EMA and ascending trendline shown in white. The bulls don't want this going any lower and if it breaks this resistance decisively and closes above, we can expect a move to the next major resistance around $5.40. I have the percentage shown for what that gain would be if you're thinking about entering at the diagonal support/trend line. The MACD is beginning to squeeze with is a sign that a big move is coming and the RSI is starting to look bullish as well. Don't forget to use your stop losses.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated!
When looking at XTZ/USDT we can see it battling a $4.50 resistance. it has been rejected multiple times on the Daily TF and as we know, the more a support or resistance is tested the weaker it becomes. With that being said It is still looking bullish to me and is comfortably trading above the 55EMA and ascending trendline shown in white. The bulls don't want this going any lower and if it breaks this resistance decisively and closes above, we can expect a move to the next major resistance around $5.40. I have the percentage shown for what that gain would be if you're thinking about entering at the diagonal support/trend line. The MACD is beginning to squeeze with is a sign that a big move is coming and the RSI is starting to look bullish as well. Don't forget to use your stop losses.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins