XTZ Nearing Support

Apr 21, 2020

XTZ on the daily chart looks to be nearing support inside of the ascending wedge. Usually these eventually turn bearish, so keep a tight stop loss at the bottom support line of the wedge. If this pattern eventually breaks to the upside, and holds above the support line shown around $2.53, we would see immense buying pressure to new highs in my opinion. I am not a financial advisor, and trade this at your own discretion. This is just an idea. Good luck!