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Interesting price action on the 144° shape.
Lose support and we could visit some angles down there.
We need to hold 120° or we could find support at 90°.
Supported by the trend line. barely!! looking bearish looking at oscillators.
Support and resistance levels.
Oscillators need to cool off.
Possible correction areas. Confluence of EMAs.
Green boxes at: 0.382, 0.5, 0.618 respectively. Usually if bullish it will only correct to 0.382.
Oscillators looking overbought. Possible correction to 0.618 (180°)
It could turn to be Gann Straight Shape. 0° > 180° > 90° > 270°
Invalidation a clean close above 90°
We could be breaking some trends..
Updates usually done on Twitter: @Cryptoradi
At green trend support, a break down will get us to red trend and we have 90° as a support. Breaking up to 135° and we see 180°. Looking bullish short term.
So we are having resistance at the green trend line. We might retest the yellow line/trend and continue the move up to 7.3k. Failing will push the price down to the green trend.
If we break 180 we could see 270 as our next target.
Proposed starting Channel for XTZ - Penta - 36