MonoCoinSignal

Entering the price correction wave?

BINANCE:XTZUSDT   Tezos / TetherUS
XTZ continued its price growth last week. The support of buyers has caused the resistance of the range of 0.86 to 0.90 dollars to be broken. Hitting the two important static and dynamic resistances in the range of $1 to $1.05 had a negative reaction, and has caused the price to stop below this resistance. If the support of buyers can break this resistance, we can expect further price growth to the resistance range of 1.22 to 1.36 dollars. But if the negative reaction to this range causes the price to enter the corrective wave, the support that can be considered in the demand area ranges from $0.86 to $0.91. Of course, the support of $1 has prevented the price from returning several times in the low times. In the weekly time frame, two strong bullish candles signify a fake break range of $0.90. Therefore, the return to this area is followed by support again.

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