Looking at the trend timeframe we see price remains in an uptrend, stochastic rsi showing momentum in favor of the bears. Our swing low ($1.09) to swing high ($3.95) shows our 38% retracement is currently being tested for support. As long as XTZ remains above $2.60 we are respecting uptrend structure.
Shifting over to our pattern timeframe we see XTZ is now at our dynamic support of $2.80, a 4 hour close below this level could lead to a sell-off towards $2.00. A 4hour bounce off this level will lead up to the next parabolic run. 4Hour fib showing our swing low ($2.46) to our swing high ($3.95) is currently being test at our 82% retracement, a bounce off this level will launch XTZ pass $4.00
