XTZ H&S Long

8 ก.พ. 2021

Looks to me like XTZ, although jumping high up like the rest of the Alt Coins, seems to have met it's match at around the 3.4 - 3.5 mark despite ATH's in the $10 range. It would seem that we will see XTZ likely plummet in the short term due to the H&S formation and the inability to break the upper resistances... If that is the case, and I am positioning myself as if it is, then we can likely see movement all the way down to $1 - $2. I wouldn't expect it to go too far below $1.50 from this level however. There is always the possibility that it goes to sub $1 levels and if that is the case I would highly recommend buying this coin, because not only would it be a good long term investment, it also generate 4-5% APY which can be quite a bit over time!