XTZUSD update

XTZUSD update

After a great news day for Tezos crypto coin on 07/Nov, we got a formation of the orange trend channel.
This is a 12h chart from Coinbase.

The price of XTZ is holding within the channel for many days, let me point out just some important points.

  • 1/ 23/Nov has a great volume spike. This pump touched center-trend-line and formed 1.4 resistance
  • 2/ Resistance broken in the bullish style (DB after NS), with clear relative strength in comparison with Total Crypto index
  • 3/ Bouncing up from 1.4 (confirmation of strength)
  • 4/ Big volume spike with touching the top-line (FOMO style)
  • 5/ SLKT with next bar SB. The chart tells XTZ market encountered a lot of supply from major levels of resistance. So, price did slide down.

What is the last price/volume messages and what to expect?

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