XTZ ascending triangle - close to breaking it, becoming bullish

Let's hope XTZ breaks the ascending triangle. The resistance area is expected around 2.2, and the local support area around 1.48. However, let's hope it goes for the best! We love Tezos, and it's currently around its yearly bottom as well.
The chart below outlines are trading indicator which is still in a long phase, however, it should have shorted a while back. This is why chart patterns are useful in addition to indicators!

Commentaire:

Since it was a neutral pattern with a higher inclination to continue downwards, that is what happened. Support around $1.50