🔥 XTZ Forming A Bullish Inverted Head & Shoulders Pattern

Since the major sell-off late last week, XTZ is one of the most volatile assets in the market. A massive bullish push of +60%, followed by an almost 30% sell-off.

This morning, XTZ found support around $4.5 area. This reversal is shaping up to form the second should in an inverted head & shoulders pattern. Conservative investors might want to wait for the pattern to be completed before entering a position. Risk-loving investors might want to consider stepping in now to ride the potential wave upward.

For the remainder of the weekend, BTC and the stock markets seem to be in a relatively good shape due to positive inflation news. I'm quite bullish.

Happy trading!

Commento:

New low has been set. Pattern invalidated.