XTZ 12h Be careful with long and read to the end

26 Jan 2021

The first thing I want to write is that XTZ is a very manipulative coin. And it seems it began to bother the manipulator.
Why XTZUSDT aroused your interest, we do not know, but you voted for it in the weekly digest, so we are analyzing it)

Within 3 months, the XTZUSDT price has been moving up in a clear channel, the limits of which are probably skillfully supported by trading robots.

Pay attention to how the XTZUSD value without volumes fell from August to November 2020, and for sure the patience of the "inveterate investor" XTZ came to an end.
Since November, he started pumping up the XTZUSDT trading pair with volumes. If we are not mistaken, the news background was and is without "exclusive and wow effects".

The first profit taking took place at the end of November 2020 and this can be seen in the volumes surge near the upper limit of the channel.
Further, at the end of December, in the trading algorithm, most likely, there was a failure and the bot that substituted the walls to keep the channel limits dropped out of the game.
We can see the result on the chart, the price fell down from the channel: it broke the stops and liquidated more than one small deposit of traders who like to play with margin leverage.
This situation is most likely force majeure, and not a planned action, since the volumes on the flow are low. From the bottom, it was not a manipulator who was bought, but lucky ones with small deposits.

Then the trading bot was repaired and it returned the XTZUSDT price to the trading channel.
For one month, while increasing trading volumes, the XTZUSD price was growing. Someone bought, and someone skillfully sold an asset that was stale.

And so, on 23 January, 2021, we got a price spike and maximum trading volumes. Most likely it was the end of growth.

If you've read this far, then you've got a few numbers to ponder on trading)

The most positive scenario is the price growth to $3.20.
If by some miracle the price manages to fix above $3.20, then by inertia it will still stretch to $3.60, but not higher.

If we are right and the manipulator ended the XTZ sale by putting the cherry on the cake on 23.01.21, then the XTZUSDT price will face a strong fall.
First target from below is $2.45-2.50.
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6 Feb 2021

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6 Feb 2021

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