XTZ is a great coin with good fundamentals and I think it will do really well mid to long term. I think the correction for XTZ is finished and we will see some bullish action.
Data left an unfilled gap and the price creeped out of the falling wedge. It also formed a double bottom pattern. This is a mid-term prediction. I expect the gap to be filled. Would put some change in it and leave it till it reaches the top of the arrow. SL : 100 sats
Hope everyone is well. I started adding date ranges to this chart since 26 JUN 2019 since the price perfectly bounced off the 1.272 (which is apparently known as a bounce area across many trading instruments) and then got rejected off the WHITE LINE (1 FIB). By that point intuition was telling me that the price will revisit 1.272 area eventually for a double...
Things aren't looking great for BTC currently. The white dotted line acts as a bear market barrier and unfortunately as marked by the red squares price got rejected off of it last year in november and went below the wedge. Now, I know that all across 2018 BTC consolidated inside a descending triangle, however I opted to draw a wedge because the price went inside...