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Tezossignals

Bearish pattern breakdown and support levels to watch out for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BINANCE:XTZUSDShort
by CryptoRush_
3
TEZOS WATCH (visual demo only)Market may be making some big moves, it is at a point where it usually bounces off the 200 EMA line on the 105 view. If market bounces off at usually spot, I am not convinced any bounce here will be significant to the upside due to channel formation that should eventually break to the downside in my opinion. Also a double top formation is another possible prep for a reversal. Market is new to platforms and typically when an altcoin comes into market and generally heads up, it tends to eventually break down and often to make new lows in comparison to the beginning of it's market cycle. Watch market closely, if you're in Tezos buy, consider your exit and/or sell entries. Channel formation best view 12hours. Best to observe 200 EMA on 105 view to observe market bounce off from this. Other EMAs in use are 50 and 100. All ideas are for informative purposes only, trade at your own risk.
Education
by Dani0