Bear Proof $XTZ $XTZUSD #Crypto

28 Feb 2020

Daily
Looking at our trend timeframe we see XTZ has remained in an uptrend, stochastic rsi showing momentum has bottomed out. Looking at our (3) most recent daily candles we see price forming higher lows, this is a good sign and we could be prepping for another leg to the upside.


4Hour
Shifting over to our pattern timeframe we see XTZ has broken out of its minor downtrend and tested for support, stochastic rsi showing momentum in favor of the bulls. A "wammie" double bottom was left inside our $2.60 zone. XTZ looks like it wants to make a radical jump from $2.60 to $3.60, however, we could see a retest of $4.00. A 4hour close above $2.75 is a good sign we will continue towards the upside. Last time XTZ was at this price we saw a run from $2.60 almost up to $4.00.