Hi everyone
Ascending triangle pattern
If XTZ can be maintained above the $ 7.44 support, the uptrend will be achieved directly
However, it seems that the price falls below that and is looking for a suitable level in the direction of its jump
The $ 6.75 and $ 5.95 barriers are good levels for such a jump
On the other hand, if the XTZ price drops to $ 5.95 and closes below $ 5.34 as the downtrend continues, the uptrend scenario will be nullified
In that case, the price is likely to fall further and the $ 4.68 demand barrier will be tested again, where the uptrend can be resumed
What do you think the price trend will be?
Thankful
Ascending triangle pattern
If XTZ can be maintained above the $ 7.44 support, the uptrend will be achieved directly
However, it seems that the price falls below that and is looking for a suitable level in the direction of its jump
The $ 6.75 and $ 5.95 barriers are good levels for such a jump
On the other hand, if the XTZ price drops to $ 5.95 and closes below $ 5.34 as the downtrend continues, the uptrend scenario will be nullified
In that case, the price is likely to fall further and the $ 4.68 demand barrier will be tested again, where the uptrend can be resumed
What do you think the price trend will be?
Thankful