Published
4 years ago on
November 14, 2019
In this 30 minute chart of Tezos/ United States dollar (XTZ/USD), there is an appreciation from 1.12 to 1.28.
We can see the price then depreciated before appreciating to the 1.2200 level (identified by the first red down arrow), right around the 38.2% of the appreciating range.
We can see a series of moves below the 1.15776 area (identified by the three blue up arrows), a level that represents the 76.4% retracement of the appreciating range.
During a retracement higher, we can see the market tested the 1.1803 area (identified by the second down red arrow), an important level that is right around the 61.8% retracement of the appreciating range.
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