XTZUSD - Short Term $4, Mid Term - $6.5, Long Term - $10-$12

XTZUSD still in accumulation zone between $2-$2.30. After that Short Term $4, Mid Term - $6.5, Long Term - $10-$12 as targets. Hopefully this will happen in 2021.

XTZ can be staked for 4.8-5% APY staking rewards.

This is not a financial advise. Just my thoughts.

Comment:

BTC Dominance is pushing up, so I expect ALT coins to take a hit on the ALTBTC pairs and ALTUSD will see short term drops/choppy action. That means there will be lower prices to accumulate. XTZ is no exception, it will take a hit as well short term.

Typically, when you want to invest long term you take a 25% position first if you don't want to miss out and then ladder your buys down to the next support levels, so you can Dollar cost average in your entry. $1.90-$2.25 is a great accumulation zone for long term 6-18 months.

Note: Crypto is a risky market, so don't invest that you're not willing to lose.

Comment:

At this time, I'm accumulating XTZ and buying the dips. We have closed the Daily above $1.75 and we are few days away from the Weekly Candle close. I expect more volatility and won't be looking at charts every min, it will be based on major timeframes like weekly and monthly close. I expect the wave count to follow similar price action and the timeline may not be exactly 100% accurate (no one can predict that), just an idea where we would end up this bull run over next 6-18 months.

Comment:

XTZUSD broke an important level at $2.55 yesterday & is now trading above. We may come down next couple of days to test $2.35-$2.40 area as new support and continue up.

Comment:

XTZ - mid-term targets reached. Its only getting started here!

Trade closed: target reached