XTZ-USDT: Consolidation Breakout(1 Hr TF)
In the Daily TimeFrame, Tezos is trading in an Ascending Channel formation with an upper band and the lower band placed at $5.1 and $2 respectively.
In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band.
XTZUSDT has given a Range Breakout and is currently trading above the range.
Key Levels to Watch out:-
The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively.
The supports to the lower side are placed at $3.5 and $3.2 respectively.
In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band.
XTZUSDT has given a Range Breakout and is currently trading above the range.
Key Levels to Watch out:-
The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively.
The supports to the lower side are placed at $3.5 and $3.2 respectively.
Comment:
TP-1($4.4) achieved