Around a month ago, I made an analysis on XTZ and the long-term bullish channel it was trading in.
Since then, XTZ has indeed bounced off the channel top resistance and has been trading down ever since.
By the looks of it, there's a decent chance that XTZ will continue to move downwards in the near future. In that case, I'd be looking at the purple reversal area for a potential bounce.
Happy trading!
Since then, XTZ has indeed bounced off the channel top resistance and has been trading down ever since.
By the looks of it, there's a decent chance that XTZ will continue to move downwards in the near future. In that case, I'd be looking at the purple reversal area for a potential bounce.
Happy trading!
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