XTZ Secondary Trend. Channel. Wedge. Capitulation Zone. 07 05 20

May 6

Logarithm. Time frame 1 week (less is not necessary).


The secondary trend has formed a horizontal channel for several years, with repeating wedge-shaped formations, the third time we entered under the support of this channel not by squeezes to collect long stop-loss, but by full candles and the structure of a descending wedge. It looks more vertical. The corrective movement to this semi-vertical wedge, quite possibly, will similarly have an aggressive character. The wedge is almost in the final phase of its formation. I showed percentages for clarity to the key reversal zones, for orientation for your money management and setting the first medium-term, and possibly local targets.

The main trend of this previously hyped cryptocurrency since 2017
XTZ/USD Main Trend. Descending Channel 01 2023

Sep 12

Trade active

12 09 2025 after the breakout of the wedge, the first local target +50% of the formation of a double bottom at the trend minimum zones was reached, and then the second target +130% was reached, that is, a pump - impulse (buyout of volume), and a pullback that formed a wedge, which will become the canvas of an ascending pennant in case of a breakout (a huge probability - this is a talisman for fools, but according to the logic of the chart, it is clear how it will be). In general, everything is as before, and nothing new can be.

Locally, the price is in the canvas of a wedge-shaped formation after an impulse on the volume.
On a larger scale - at the support of the internal channel.
Even larger - in the horizontal channel of long-term accumulation.