XTZUSD Update (Potential Breakout)
Since the last time I reviewed XTZUSD we saw a breakout and retest on the upper trend line 3 times before making it's first higher high and higher low. We are currently in a crucial moment of whether we can close/hold above ATH in order to continue moving higher. I believe the most likely scenario would be another retest on the upper Fibonacci retracement before continuing the trend. A lot of other coins have been highly price-sensitive at ATH recently and XTZ could just be lagging.
Keep in mind BTC is close to a potential rally as well. Could absorb all the capital from alts if it does.
Hope you all enjoyed the technical analysis on XTZ, I will continue to update my thoughts as we move further into these exciting times. Please consider leaving a like and following for more updates on stocks and cryptocurrency.
Cheers, PsychedCrypto
Keep in mind BTC is close to a potential rally as well. Could absorb all the capital from alts if it does.
Hope you all enjoyed the technical analysis on XTZ, I will continue to update my thoughts as we move further into these exciting times. Please consider leaving a like and following for more updates on stocks and cryptocurrency.
Cheers, PsychedCrypto
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