XTZUSDT
is displaying the Cup & Handle basing formation. There was recently a ~400% volume breakout from the 50day MA. If XTZ breaks the high point of the handle, that will initiate the next bull run. XTZ has been in a 25 wk basing pattern ~70% cup depth & ~25% handle depth.
Pivot point: $9.15
Target Profit: $11.5 - $12.5
Stop Loss: $5.65
Comment:
Congress just passed a new reporting/taxing law. There will likely be a mass selloff. I am looking at this as more of a buying opportunity than anything else.