I gonna make this really short, as we all know xtz has been holding well against BTC these days and its trading within ASCENDING BROADENING WEDGE.
Presently price hitting bottom level of the wedge, with potential falling wedge in place.
The whole idea will be to accumulate towards the bottom level of this wedge with the mind set of price to resume for potential last wave of the cycle (wave 5) before major correction will start.
Follow the accumulation zone shown on the chart to place your orders.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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Xtz won't go up unless btc goes up and btc wont go up unless the stock market (sp500) goes up. So you are saying we will be out of the bear market fairly soon with COVID19 still continuing to rip the world a new bung hole. Good luck with your analysis.
weslad
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@M4m2m0th, I will look into sp500 today technically wise, because most time when big recession or ny major evet happen across the world mostly play into technical view. thanks for your view, really appreciate it
Harshivu
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@weslad, i would love to learn from you as I m new in analysis I find your chart impactful to me.