XTZ
Long

Possible Inverse Head and Shoulders on XTZ

294
Tezos has been my favourite altcoin to hold all 2020. As displayed on the chart, we can see a possible inverse head and shoulders. Pretty possible that we see it blast off straight from here as Bitcoin looks strong enough to go for 7300-7350. But right now it doesn't feel attractive taking a long position, so I will wait if this opportunity presents itself.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.