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chart_insight
Mar 6, 2020 7:50 PM

XTZ/USD Race to $4.0 Short

Tezos / United States DollarCoinbase

Description

The symmetric triangle pattern is seen after the bulls successfully broke the critical support around $3.0 yesterday.
The uptrend is likely to be continued where the first target is the latest higher high at $3.98.
If the triangle is broken out, such a scenario is possible to happen in the next few days.
The buying position can be done now with a strict stop loss below the critical support of $2.9.
At the current price $3.10, it provides 7% loss : 28% profit ratio.
Comments
mbver
Are you still long? I see we have a red day today
chart_insight
@mbver, i know, i closed mine at $2.95.
Zoro19
Why is it labeled short?
chart_insight
@Zoro19, oops my bad. Should be Long.
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