Catching the bottoming of the XTZ bull?
Hey everyone,
after some consolidation in a clear range I believe XTZ is ready to continue it's trend up.
What we see here is a range bound price action that is ready to expand in a given direction.
Ignoring here the effect of Bitcoin on altcoins slightly, the bias for the break on this symmetrical pennant is up due to the - you guessed it already - previous trend.
Nice confluence with the Point-of-Control and a decent Risk-Reward-Ratio.
Let's see what it bring.
Take care,
Vlad The Crypto Trader
after some consolidation in a clear range I believe XTZ is ready to continue it's trend up.
What we see here is a range bound price action that is ready to expand in a given direction.
Ignoring here the effect of Bitcoin on altcoins slightly, the bias for the break on this symmetrical pennant is up due to the - you guessed it already - previous trend.
Nice confluence with the Point-of-Control and a decent Risk-Reward-Ratio.
Let's see what it bring.
Take care,
Vlad The Crypto Trader
Trade closed: target reached:
Wow, I'm surprised we reached TP on this one to be honest
