Although the shorter time-frames all the way up to the 2-day chart (as shown here) are bullish... the weekly chart and current resistance levels suggest a possible drop. Until price breaks resistance we are neutral on XTZUSD.
Trade active
Although price did go up to the trendline, the 4 hour wicks show rejection of the breakout, still indicating a decline. We'll be watching that trendline closely in case it does break upwards.Trade closed: target reached
Tezos tagged our exact target of -14% after 14 days.Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.