XTZ - 6h. Buyers can expect $6.4 but only after $4-4.2

11 févr. 2021

+ 125% for a month and a half. XTZ buyers have set a great result for the beginning of 2021. One of the most aggressive coins of recent times has come to its critical point again.

If you look at the daily timeframe, we see that from February 2020, buyers can not consolidate above the range $4-4.2


Today, buyers are trying for the third time to break through this range and increased volumes will push on it. In addition to the critical range, buyers rested on the trend line, which from January 9 constantly stops the growth of the price of XTZ and sends it for correction.

Unsuccessful attempt of buyers to consolidate above the global critical price zone $4-4.2 will provoke the beginning of the correction with the first goal $3.4 and the final - $2.9-3


However, if buyers can break through this range, we will consider this coin every time in a new idea. The optimistic scenario is a test of the mark of $6.4 . However, only after fixing the price above $4-4.2.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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