Hi there !!! XTZ seems like to make really good move as its moving uptrend after hitting its key support and also seems like have its downtrend over, of almost 20 days long....And Ready for a fresh move if today's market can closes up above $3.3 or above ...but if the market goes down below $3.18 then possibly we could see more downtrend incoming !!!
@Claryk, i just pulled out @ $3.44, price got rejected twice from there...scenario would be either its coming down to $3.33 or moving above $3.54 , RSI Level has already reached above 60 in every chart except daily today which is still a hope to break out above $3.54, worst case is if it cannt break $3.44 level then there is possiblities that its making (LH LL) and market could start making downtrend again. Cheers .... i would suggest not to enter,wait, 30 % winning chance now 70% it will come down again i could be wrong but choice is yours ....! thanks have a great day !
Claryk
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@Sharp_As_A_Blade, the overall trend of this market is still bullish, maybe I should just hold some XTZ till its new ATH, hoping so!
Sharp_As_A_Blade
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@Claryk, yes as the market closed above $3.33 it has turned into bullish again...if you want to hold and go long then it still looks a pretty good , no worries :), i trade daily so every cents and percentage is valuable for me :D ....i would suggest if market doesnt hold above $3.33 and next @ $3.18, then donot hold , it can be really worse :)
cam1lo
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do you think it will pass the resistance though? im hoping it blasts through im tired of the sideways up down
Sharp_As_A_Blade
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@cam1lo, technically 70% yes, market closed above $3.3 which i have mentioned above and is the key to change following market , now its going to break the resistance of $3.54 or $3.70 anytime soon but before that it could land once again @$ 3.30 because 4 hourly candle has price rejection but over all after that market will move on...!
I don't think anymore downtrend now...cheers !!!
cam1lo
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@Sharp_As_A_Blade, yeah for sure. i meant the blue line. im hoping for 8+$ tezos on this next climb
Sharp_As_A_Blade
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@cam1lo, hopefully $8 it can happen soon or later but this slow ride can generate lots of profit though 😅 and seems like to test its high again but yes seems like to break resistance level that you are talking about too ...