emmanchigo10

Short consolidations before the power move on XTZUSDT

BINANCE:XTZUSDT   Tezos / TetherUS
With prints of XTZUSDT from the weekly, I see the market moving towards an order-block at the horizontal line drawn. Moving towards the daily, we see the market trying to consolidate whilst covering FVGs on that path towards the order-block above found in the rectangle there (which was responsible for the impulsive move downwards), after which it's likely to reject that zone and make an impulsive move down towards the horizontal line which is support(order block) on the weekly. It's also good to note that divergence was seen on the daily signaling a possible reverse in trend so try not to ride it too short. A break in market structure (If it breaks out the order-block, the rectangle on the 4H TF) from the 4H TF should initiate the consolidation move up drawn from the daily. Happy Trading, stay inspired.

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