TEZOS XTZ Setup
Bullish structure is still holding at the moment.
RSI will cross up above EMA at 2.70, key resistance level that is a local high and lines up with VPVR.
If we break out above we could see some upside. If we break below the 100EMA we may close a daily on a new low, indicating lower price action in the mid-term.
Bulls need to break above 2.70 and try to put in a new high, at the very least negate this possible lower low.
If not, currently edge seems to be on the downside until we break above key levels.
RSI will cross up above EMA at 2.70, key resistance level that is a local high and lines up with VPVR.
If we break out above we could see some upside. If we break below the 100EMA we may close a daily on a new low, indicating lower price action in the mid-term.
Bulls need to break above 2.70 and try to put in a new high, at the very least negate this possible lower low.
If not, currently edge seems to be on the downside until we break above key levels.
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