XTZ: Old Resistances, New Supports and Still Bullish
We reached a new peak after breaking out from a Falling Wedge.
After it we managed to consolidate nicely between the 50 and 60 percent Fib level of the pole, which sparked the move 7.45$.
From the looks of the candlesticks from midnight of the 16th of April to today (17th of April at midnight), the bulls are still in control and buying every retracement.
The RSI is at a nice value of 70 so we're still on the Overbought level.
No divergences on the MACD.
Speculative part (dotted arrows): Possible price movement based on Fib levels and Elliott Impulse Waves
After it we managed to consolidate nicely between the 50 and 60 percent Fib level of the pole, which sparked the move 7.45$.
From the looks of the candlesticks from midnight of the 16th of April to today (17th of April at midnight), the bulls are still in control and buying every retracement.
The RSI is at a nice value of 70 so we're still on the Overbought level.
No divergences on the MACD.
Speculative part (dotted arrows): Possible price movement based on Fib levels and Elliott Impulse Waves
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