XTZ - Will long-term rising support line hold?

٢٦ ديسمبر ٢٠٢٠

XTZ has been trading right above its long-term rising support line: its main support (base) of the Fibonacci channel that I drew on the chart. Will this important level hold so XTZ can continue its slow but certain rise upwards? Or will it break down out of this established trend? It already penetrated the bottom of the channel a few days ago but moved right back into it again... Let's see how it will move in the next 24/48 hours. I wonder whether or not this support line will hold if Bitcoin decides to correct....

IF the bottom of this channel will hold, this might just turn out to be the perfect buy opportunity for XTZ.. But only if it holds..

What are your thoughts about this? Let me know!
Thanks!

*(No financial advise)*