LochubT

XTZ, currently relatively strong.

COINBASE:XTZUSD   Tezos
The following content is machine translation:

On the daily chart, since May 12, a volatile upward trend has been formed, and the resistance level is around 2.2. In the case of the overall correction today, XTZ unexpectedly started to counterattack, and now it has reached the resistance of 2.2, rising 4.27% within the day, which is relatively strong.
In terms of indicators, the Bollinger Bands indicator began a gentle upward trend. Recently, it has been supported on the middle track and suppressed on the upper track. The fast and slow line of the MACD indicator is upward at the trend line below the zero axis, indicating a bullish trend. Since the RSI indicator fell to the neutral 50 in early April, it has risen above 50 for the first time. It has been suppressed and retraced from the front to the vicinity of 50, and now it returns to the bullish range.
Therefore, judging by the pattern combined with the indicators, there is resistance near 2.2, and the upper track of the Bollinger Band is also near 2.2, which has a suppressing effect. If the RSI indicator remains above 50 today, there is a high probability of rising in the future. Therefore, if the market does not fall sharply after breaking through 2.2, it can be much shorter.

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