✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for XTZ/USDT, the price is trading around 4$ .
Tezos has been able to crawl itself up and raise in an ascending channel , Although itwas able to achieve the desired goals as I predicted in the recent rally, but we have not seen a strong uptrend from it compared to other altcoins on the market. The price has recovered after falling and hitting the bottom of the channel and reached above the EMA20 and 50 , which is an upward sign for it.
It also has green support around $ 2.5-3 and I do not see significant resistances up to $ 6.6. If the Altcoins market becomes too bullish ,it can handle the middle of the drawn channel, even reach the its upper ceiling in the long run.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
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