Hey guys, this is Julie 😉
Let's talk about XTZ today, because it is at a very important and decisive point:
As we see on the daily chart, XTZ is now above the 21 EMA, and this region coincides with a resistance level (green line). Additionally, we have the 61.8% Fibonacci Retracement very close to today's high.
So, as you can imagine, XTZ will need a lot of strength to go above this region.
Honestly, I think it will make it, because it is doing higher highs/lows for the first time since October, and to me, this indicates that the bears are actually getting weaker, and Tezos will finally reverse this downtrend.
So my thoughts on Tezos today are:
Once it closes above the green line resistance, it may find some resistance at the Fibonacci Retracement, if XTZ is able to close above it, I really believe it will fly again.
Let's see what happens next.
And that's it! Thanks for reading my analysis! Please, support me with your like and subscription! 😍
Bye bye, have a nice day. 😉
Let's talk about XTZ today, because it is at a very important and decisive point:
As we see on the daily chart, XTZ is now above the 21 EMA, and this region coincides with a resistance level (green line). Additionally, we have the 61.8% Fibonacci Retracement very close to today's high.
So, as you can imagine, XTZ will need a lot of strength to go above this region.
Honestly, I think it will make it, because it is doing higher highs/lows for the first time since October, and to me, this indicates that the bears are actually getting weaker, and Tezos will finally reverse this downtrend.
So my thoughts on Tezos today are:
Once it closes above the green line resistance, it may find some resistance at the Fibonacci Retracement, if XTZ is able to close above it, I really believe it will fly again.
Let's see what happens next.
And that's it! Thanks for reading my analysis! Please, support me with your like and subscription! 😍
Bye bye, have a nice day. 😉
