Binance Hot list coin July, 6th 2020 : XTZUSDT #3

The price is trending slightly above the white region support. This white region support however is a strong support zone which has confluence with the 200 MA on the daily chart. Another confluence reasons to enter this trade in the upcoming session is that there is a regular bullish divergence if we compare it with the RSI. A lower low price action with the higher low RSI on the oversold region. My entry point will be when the price breaks out of the white resistance trend line on lower degree and targeting the golden pocket zone which is in alignment with the upper line of the channel.