XTZ.USDT (Y20.P3.E3).TA on the Macro Structure

Aug 10, 2020

Hi All,

** This is a additional TA to the previous post on XTZ with BTC pairing **

As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory.
I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed.
As per chart, we have one more resistance and after that, open roof.

My thoughts:
===================================================
> Daily indicators are positive, bullish with convergence and hence stay in the trade
> I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out.


Please give me a tick or like for this post.

Regards,
S.Sari



PREVIOUS POST
I have noted that we have price above the yellow key level meaning my TA is still relevant.

Aug 10, 2020

Trade active

Aug 11, 2020

Trade active

I have 2 potential targets derived from the height as per the lime and red vertical lines

Aug 11, 2020

Note

Before we reach the target, we are likely to go sideways