- XTZ coin shows a bullish crossover of the 20 and 200-day EMA’s
- The XTZ/BTC pair was trading at 0.00008206 BTC with a gain of 14.60 %
- The 24hr trading volume in the XTZ coin is $166.8 Million
The XTZ coin finally manages to provide a strong breakout from the Cup and Handle Pattern. The technical chart showed a huge breakout green candle supported by strong volume, crushing through the $4 resistance. The price is currently in its retest phase, which can provide a great entry opportunity for XRZ traders.
The crucial EMA’s of XTZ Coin indicates a strong bullish trend, with the price moving higher than the 20, 50,100, and 200 EMA. Moreover, the coin chart shows that the 20 EMAs and 200 EMAs gave a bullish crossover, which could help attract more buyers to the market.
The RSI (BULLISH) value is at 70, indicating a strong bullish momentum in the coin as the RSI line could soon enter the overbought zone.
XTZ Coin Crypto Chart In The 4hr Time Frame
THE XTZ coin in the 4hr time frame shows a clear picture of the breakout candle of the bullish pattern. And as mentioned above, the price can soon provide a retest that will validate if the breakout is genuine or not and provide a better risk to reward entry.
The moving average convergence/divergence indicator (BULLISH) shows that both the MACD line and signal lines are moving higher to the neutral zone (0.00), indicating the bullish sentiment in the XTZ coin. Furthermore, These lines show some steady growth in its chart, supporting the whole bullish momentum.
Conclusion: From the technical perspective, the XTZ coin shows a great bullish outlook for its price action and indicators, providing a favorable condition for trend traders to look for good long opportunities in this coin. Thus, as mentioned above, the XTZ coin offers its traders amazing opportunities with its breakout from the Cup-handle Pattern. If the price holds above $4, the XTZ traders can expect a nearest target till the $4.7 mark.
Support– $4
Resistance– $4.7