XTZ is in a bullish descending wedge pattern and has retraced completely from the Nov 24 pump. The bullish descending wedge pattern is nearly complete. It will soon ether break down below its support of around 0.60 or will rebound. I think it will rebound.
Of course this depends on the broader market, specifically BTC/USD and BTC.d. If BTC can remain stable and dominance starts falling this will most definitely propel XTZ skywards.
On the other hand, if BTC dumps more and especially if dominance pumps more, XTZ could break below its support and head much lower.
Of course this depends on the broader market, specifically BTC/USD and BTC.d. If BTC can remain stable and dominance starts falling this will most definitely propel XTZ skywards.
On the other hand, if BTC dumps more and especially if dominance pumps more, XTZ could break below its support and head much lower.
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