First of all, this was inspired by FractaLJack. I liked his chart and Idea, so I loved to share it.
Since the announcement of staking reward day until today, XTZ is still playing and preparing for a real jump. I can imagine that XTZ will have a run just like what happened with Chainlink. Whales are still trying to collect XTZ at these prices. On the daily, The RSI looks fine to me.
It is true we have resistance in our way. But most of them are fictional to me and they only seem to be there for manipulation purposes. The most huge resistance in XTZ/BTC wad about 0.00011 and it already has been passed. In XTZ/USD, there is a resistance starts at $1.7. Once we pass it, $2.25 will be the target I am thinking of that XTZ should hit and reach.
XTZ might break any time soon. Depending on the market manipulation and whales decisions.
Feel free to share your opinions.
FractalJack Chart:
Since the announcement of staking reward day until today, XTZ is still playing and preparing for a real jump. I can imagine that XTZ will have a run just like what happened with Chainlink. Whales are still trying to collect XTZ at these prices. On the daily, The RSI looks fine to me.
It is true we have resistance in our way. But most of them are fictional to me and they only seem to be there for manipulation purposes. The most huge resistance in XTZ/BTC wad about 0.00011 and it already has been passed. In XTZ/USD, there is a resistance starts at $1.7. Once we pass it, $2.25 will be the target I am thinking of that XTZ should hit and reach.
XTZ might break any time soon. Depending on the market manipulation and whales decisions.
Feel free to share your opinions.
FractalJack Chart:
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If it goes below the support line, then it should hit the purple MA
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1.7 is the target