After the correction, XTZ is going to forming new up trend. The nice hold on tow supports and formed the bullish divergence between price & RSI (daily TF), says that time to long. Entry & target points suggested on the chart.
RSI in Daily TF formed bearish divergence with price. So the rising wedge pattern sign that price ready to go down.
Stochastic RSI is at top of the rang and going to the bearish cross.
Both entry and exit points suggested on the chart.
Nice hold on major support and RSI at the bottom of the range. So RSI in Daily TF formed the bullish divergence with price.
The entry and close points suggested on the chart.
Main trend is bearish and price at the end of second falling wedge (8965).
In short term (4H TF) price and RSI signing bullish divergence.
In liquidity program of whales , possibly the fake pomp will shape soon. If the price bounce on 9250 resistance then the targets of 9300-9500 area on the table.
If the price fake pomp to this area, the best place for short...
Price at the end of rising wedge and possibly breakdown. If the main support (res line) hold it the bounce to the 8K area.
Invalidation; price breakout at the top of rising wedge.
If price can not break out from 6.95 resistance then maybe form the right shoulder of H&S pattern and go to the 6.2 area.
We need to remember that SPX at downtrend and BTC has a correlation with this one.
Price at the top of the rising wedge. RSI & price sign bearish divergence at the TF 1H.
If the H4 candle closed blow 7K, we will back to the bearish scenario and price will go down.
