XTZUSDT LONG SETUP

10 Ağu 2021

XTZUSDT is in a strong bullish trend on the daily and weekly timeframes, price has recently broke above daily resistance with a strong impulse to the upside. This has now been followed up by a correction to the 0.618 fibonacci which is in confluence with this previous resistance turned support. I am expecting to see the continuation to the upside and the market to form a higher high from a daily perspective. On the 4hr timeframe i am waiting for a confirmed break above this counter trendline and 4hr previous swing high before looking for a possible entry.