Tezos going up?

Observation of a very simple 21 day moving average pattern that for whatever reason Tezos is obeying. That is, every time is smashes through the 21 daily MA, it takes a pause and then explodes. Previous occurrences circled in blue. Good luck.

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The 21-day did not hold as above on this occasion, nonetheless, we're now showing past RSI resistance becoming support with higher lows. Certainly worth staying long until RSI is up top. Stochastic RSI indicating higher lows with very low MFI, an incredible buy opportunity.

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Broke out at last. Now where is it heading? I can see $2.50 as the first resistance point until the last at $3.50.

Note

Retracement to 200-day Moving average and holding. Watch $1.25 over the coming days. A break out of the resistance trend line would likely see a sudden rally, as is normal with falling wedges in a continuation pattern.

Trade closed: target reached

We've just doubled topped with price action from May of last year. Expect a correction down to around $1.45. Sure it could go higher, but the oscillators are telling us we're overbought for the time being.

without_worries

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Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: