After significant run up, XTZ appears to have met resistance and could not hold above $6.92, which was the most recent previous rejection level on the 4 hour chart. 30 minute MACD appears to be on the decline and volume levels at this price are low comparatively (potentially indicating low appetite for entries at this level). Watch closely for reversal back upward if volume returns.
Targets:
6.77 (top of range on 30 minute chart for previous rejection - top of red box)
6.67 (bottom of range on 30 minute chart for previous rejection - bottom of red box)
6.54 (previous support level for most recent run - mid blue line)
6.45 (volume/price based average support - red line)
Targets:
6.77 (top of range on 30 minute chart for previous rejection - top of red box)
6.67 (bottom of range on 30 minute chart for previous rejection - bottom of red box)
6.54 (previous support level for most recent run - mid blue line)
6.45 (volume/price based average support - red line)
Kommentera:
After coming within one cent of the first target at 02:30 on the 25th, jumped back up, eventually coming down to hit all 4 targets between midnight and 02:00 on the 26th!