Technical analysis by TezosNetwork about Symbol XTZ: Buy recommendation (5/19/2021)

Stoch RSI Divergence on the daily timeframe, expecting a big move upwards to retest previous support (now resistance) levels.There is also a Falling Wedge in play on the 4HR timeframe.The Stoch RSI Divergence is invalidated after the market dumped a day ago, currently we're sitting at major support on the 200MA (Daily) and 50MA (Weekly), so we can expect the price to hold this level and possibly retest the $5 region in the next few weeks.There's a slight chance we could push back up to previous highs if we see a strong bounce, today's candle will play the most important part, which is that we need a bullish engulfing candle on the daily.