XTZ looking like it will have a 5% rebound to $3.05 the with a likely continued push to $3.30.
Both price and RSI are respecting ascending triangles both pointing towards end of June. For RSI, end of June is a confluence of RSI trends and support/resistance.
XTZ price is ranging within an ascending triangle and bouncing off Fibonacci levels on a short-term...
Just put this together to share with noobs. Nothing revolutionary here.
Thank you to Harold Christopher Burger, @filbfilb, PlanB, and /u/capriole_charles for providing research which has been the foundation of my perspective on Bitcoin.
If you are new to these concepts, read about these fundamental BTC concepts in the following 4 articles:
This analysis is totally FMA and is not financial advice.
BTC has been in a strong upward trend since middle of December, keeping quite strictly to a fairly narrow ascending channel with minimal volatility.
Increases of 15-20% in 5-9 days have repeated with a few days of sideways or mild depreciation between (15% up, sideways slight downward. 15% up, sideways...