Tezos to breakout again ?
#XTZ
Tezos is forming a saucer bottom . Which is a classic reversal/bottoming forming similar to a cup and handle formation
The neckline is around $8 and could take us to $20 on the measured move break out over the coming weeks/months ahead . Be patient, this is a multi month pattern so don't expect to get there in one green daily candle and don't expect it to become invalidated with one red candle on the day .
There is also hidden bullish divergence on both the rsi and macd indicating a continuation to upside on the short term steepening trend !!!
like if you guys want more setups like this !!!!
Tezos is forming a saucer bottom . Which is a classic reversal/bottoming forming similar to a cup and handle formation
The neckline is around $8 and could take us to $20 on the measured move break out over the coming weeks/months ahead . Be patient, this is a multi month pattern so don't expect to get there in one green daily candle and don't expect it to become invalidated with one red candle on the day .
There is also hidden bullish divergence on both the rsi and macd indicating a continuation to upside on the short term steepening trend !!!
like if you guys want more setups like this !!!!
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