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CryptoComes
Apr 18, 2019 10:15 AM

XTZ: A correction is definitely needed to meet further new highs 

XTZ / BitcoinBitfinex

Description

It looks that Tezos is not going to stop, as its rate today has increased by more than 10% in correlation to the main cryptocurrency. Taking into account the technical analysis, the asset is definitely overbought, which confirms the RSI indicator.

Moreover, the XABCD pattern shows an upcoming correction and a roll back to the 18k satoshi level. Thus, the break of the 20k satoshi zone will confirm the formation of bearish movements.
Comments
edubai
The correction will be upwards, this asset is massively undervalued, you can see the strong buy momentum.
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