FractaLJack

XTZ lookin to break through local top!

Long
FractaLJack Updated   
BINANCE:XTZUSD   Tezos
Hello everyone,

Hope you are having a wonderful thanksgiving weekend (if you are American) and a great day for those elsewhere.

Lets jump into this~ as you can see here we have XTZ in an Ascending Triangle pattern which is a bullish pattern that suggests continuing momentum. Highlighted in the circle is where the best buy opportunity will be found in the weekly.

If XTZ continues its trajectory, we could see it hitting breaking the local top within a month and this would be extremely bullish news. Plenty of potential for further growth beyond that.

Good entry is $1.20 - 1.25.

Cheers!
Comment:
So far pretty uniform. We either make a move on this bounce, or the next one.

We will find out soon!
Comment:

When BTC is falling, XTZ makes a bounce.
Comment:

Now that is a wicked wick! just barely nailed my take-profit point. My re-entry will be along the support line.
Comment:

Not as uniform as one would want, but clearly the markets don't work according to peoples plots... nonetheless quite a nice pump, good zone to take profit in and buy back below 1.30.

If we break succesfully above the local top, I see further potential for gains.

In the meantime re-entry around 1.30 and see how she goes!

Cheers everyone we will find out soon!
-FractaLJack

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