Hello #crypto friends,
$XTZ has been hammered lately but I believe the pain is about to be forgotten.
Nevertheless, I expect one final drop to the .236 fib level and most likely a wick through (capitulation) to re-validate the long term trend line.
Any price below $1.5 is a fantastic opportunity to buy tezos $XTZ and this is where I expect a strong bounce.
Note that trend lines are subjective, but they remain powerful consensus to identifying resistances and supports.
If you want to bet on the final touch (4th touch), place your order right below $1.45 as it might wick through to $1.35 if we're lucky !
The weekly RSI will flip to heavily oversold attracting many buyers as well.
Hope this helps, if this does please like or comment.
Have a good one everyone !
$XTZ has been hammered lately but I believe the pain is about to be forgotten.
Nevertheless, I expect one final drop to the .236 fib level and most likely a wick through (capitulation) to re-validate the long term trend line.
Any price below $1.5 is a fantastic opportunity to buy tezos $XTZ and this is where I expect a strong bounce.
Note that trend lines are subjective, but they remain powerful consensus to identifying resistances and supports.
If you want to bet on the final touch (4th touch), place your order right below $1.45 as it might wick through to $1.35 if we're lucky !
The weekly RSI will flip to heavily oversold attracting many buyers as well.
Hope this helps, if this does please like or comment.
Have a good one everyone !
I haven't started buying Tezos yet but will definitely open a long position if $XTZ closes the daily above .000205 or $2.16
If we drop again, I will stick to my previous target.
Have a good day everyone !