Jellep99

$XTZUSD Cup & Handle Formation ?

COINBASE:XTZUSD   XTZ/USD
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.

This is a setup that needs confirmation before acting upon. I do not recommend entering a trade at the time of posting.

COINBASE:XTZUSD shows a cup & handle formation developing. In order for this bullish pattern to be valid, it needs to break the previous high at $2.91. If it does, I expect a higher high.

Price has previously respected the $2.61 area, which acts as (weak) support at the moment.

For now I'm sitting on my hands and watching the charts. I will update you if I see anything noteworthy.

Good luck traders!

- Jelle



Comment: Those who placed their entries at $2.61, congrats.

Comments

what do you think is next with current position ?
+1 Reply
Jellep99 A_Sharp_Crypto
@A_Sharp_Crypto, I expect it to range for a while, between $2.6 & $2.85. We're seeing massive pumps on low-cap altcoins, so I'm hoping it's contagious and reaches the large-caps too. But for now, sideways movements likely.
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