XTZ (Tezos) - Key level broken - 40% upside potential
The market seems to be recovering and moving from bearish to bullish (in the short term at least)
Tezos has built up 4 touches on a key level and broken through. It's likely we see a retest before lift off. If tezos grows we can aim for a re-test of the previous high. That's a 40% increase and would be a nice catch.
In my opinion Tezos is undervalued compared to other coins and I think we could see real action if the wider market trend starts to accelerate and 40% could just be the beginning.
If we fail to meet this rise upward - we look fairly safe at the $3.15 dollar mark and I would expect it to bounce and consolidate here.
This is not financial advice.
If you enjoyed this analysis please like and follow. Also I'm considering making some videos instead of static analyis and if you'd be interested in seeing these please drop me a comment.
Tezos has built up 4 touches on a key level and broken through. It's likely we see a retest before lift off. If tezos grows we can aim for a re-test of the previous high. That's a 40% increase and would be a nice catch.
In my opinion Tezos is undervalued compared to other coins and I think we could see real action if the wider market trend starts to accelerate and 40% could just be the beginning.
If we fail to meet this rise upward - we look fairly safe at the $3.15 dollar mark and I would expect it to bounce and consolidate here.
This is not financial advice.
If you enjoyed this analysis please like and follow. Also I'm considering making some videos instead of static analyis and if you'd be interested in seeing these please drop me a comment.
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