XTZ broadening wedge

Tezos / US Dollar (calculated by TradingView) BINANCE:XTZUSD

parissap

#XTZ/USDT
$XTZ is inside weekly broadening wedge pattern, and price is near lower line.

🐮 holding the lower line of wedge that is the same with support zone , will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line .

break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels.

🐻 break down from lower line of wedge will drop price to support around $1.5.

You might be interested in …

Trading View April 11, 2022

buying bitcoin for now…???

buying Bitcoin for now…??? Bitcoin / TetherUS BINANCE:BTCUSDT miladtabandehpour For now, I have changed my mind about Bitcoin , which may lead to an increase in the price of Bitcoin and a good buying position. […]

Trading View March 14, 2022

BTC moves sideways but gains energy.

BTC moves sideways but gains energy. Bitcoin / TetherUS BINANCE:BTCUSDT cryptodailyuk Hello everyone, let’s take a look at the BTC to USDT chart over a 4 hour timeframe. As we can see, the price is […]

Trading View April 2, 2022

SOLUSDT hold

SOLUSDT hold SOL / TetherUS BINANCE:SOLUSDT fhuutuuf sol show a steady updtrend sence the day it broke the level . no signs for a reversal . best move is to hold .