FieryTrading

🔥 XTZ Long-Term Analysis: Big Upside Potential

Long
BINANCE:XTZUSDT   Tezos / TetherUS
With the market in turmoil, it might be a good idea to start looking at long-term trades. This time, we're looking at XTZ.

XTZ has not been doing great this bull-run , not even making a +450% from the March 2020 low to the May 2021 high. However, we can see a clear bullish channel pattern emerge on the weekly time frame. Every single time the bottom trend line has been hit, a major bullish push has followed, leading to often great returns.

Potentially, the same could happen now. In case the price will push towards the current ATH this is a potential +194% trade. However, there's a chance that the price will touch the bottom trend line again in case BTC will fall back to 28k, so keep a close eye on BTC's moves.

Happy trading!
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Comments

Thank you
+1 Reply
Very good Idea. Thank you!
Reply
bravo Fiery! I like this one
Reply
Nice pattern
Reply
bottom of the channel, lets see if it will reverse up now :)
Reply
agree about upcoming rise thanks for sharing
Reply