TheTreeTrader

XTZ is in a Rising Wedge...what will Happen?

Short
BINANCE:XTZUSDT   Tezos / TetherUS
XTZ is in a Rising Wedge Pattern. This is Of course a bearish Pattern which means we Should Expect the Price to Reach Lower Levels Even From Now! The Price can Decrease and It Should be Clear To you That No Break Out Has Happened yet So It is not Safe to Take Short Position (For Now!) There is also a Regular Bullish Divergence (-RD) on MACD which Strengthen The Idea Of Tezos Being Bearish! The Expected Target and Support Point Right now Is around 1.600$

-XTZ is in a Rising Wedge Pattern
-No break out yet
-(-RD) on MACD
-Expected Price and Support Point 1.6$

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Thank you for seeing idea .
Have a nice day and Good luck
Trade closed: target reached

🔴This is only an idea and not a financial advise ( NFA )🔴

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