Catching the bottoming of the XTZ bull?

Hey everyone,

after some consolidation in a clear range I believe XTZ is ready to continue it's trend up.

What we see here is a range bound price action that is ready to expand in a given direction.

Ignoring here the effect of Bitcoin on altcoins slightly, the bias for the break on this symmetrical pennant is up due to the - you guessed it already - previous trend.

Nice confluence with the Point-of-Control and a decent Risk-Reward-Ratio.

Let's see what it bring.

Take care,
Vlad The Crypto Trader

İşlem kapandı: hedefe ulaştı:

Wow, I'm surprised we reached TP on this one to be honest