Although the shorter time-frames all the way up to the 2-day chart (as shown here) are bullish... the weekly chart and current resistance levels suggest a possible drop. Until price breaks resistance we are neutral on XTZUSD.
Trade active:
Although price did go up to the trendline, the 4 hour wicks show rejection of the breakout, still indicating a decline. We'll be watching that trendline closely in case it does break upwards.
Trade closed: target reached:
Tezos tagged our exact target of -14% after 14 days.
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