Usually this ascending channel is called a bearish flag, however, due to BTC movements, it is possible XTZ may rise.
Nonetheless, XTZ is currently facing rejection and trading weak hands in this channel as you can see (zoom the chart if needed).
Upon the break of this channel, we still have those red resistance zones, and the massive long resistance line coming from the past, shown below:
When these red boxes are cleared the bullish momentum for the long term starts after breaking $2.60. until then I am not confident to give a long signal.
I remain on the sidelines.
Nonetheless, XTZ is currently facing rejection and trading weak hands in this channel as you can see (zoom the chart if needed).
Upon the break of this channel, we still have those red resistance zones, and the massive long resistance line coming from the past, shown below:
When these red boxes are cleared the bullish momentum for the long term starts after breaking $2.60. until then I am not confident to give a long signal.
I remain on the sidelines.
Nota
Still hasn't broken the top yet. Not a time to open trades.Nota
Rejection continues, until it breaks this properly we are not going longDagangan aktif
Trade open, channel broken, pump started
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.