thetradinghall

XTZ is near good supports

KRAKEN:XTZUSD   XTZ / USD
XTZ rejection from the 1.50 area was strong and sudden. This fall brings laready the token in the begining of what could be a floor for this corrective move. Current fall may well have more time to consume with sideways to down action towards 1.13. This area is seen as a very good candidate for a floor. As long as we don't see a trade below 1.05, we still favored more upside action in the longer term.
Momentum is largely positive, with a rise seen as impulsive, thus our bullish outlook in the mediumterm, 8-30 days.

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