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cviryiotis
Mar 11, 2024 12:54 PM

XTZ SHORT TERM UPDATE Long

Tezos / United States DollarCoinbase

Description

As BTC breaks its previous ATH and Retail starts funnelling its money back into the market I believe it will soon be time for Altcoin Season. Turns out I was off by about 10 days on my previous analysis which is not too dramatic but I will try providing clear targets for April. I am eyeballing that 1.70usd level which coincides with the 100% level of the fib extension and I believe that if we break past it we will reah 2.10usd very soon. A level which is crucial for further upside in my opinion as it not only coincides with the 168% of the fib but also with previous support/resistance levels. By April we should be reaching those levels assuming Bitcoin doesn't dip. In that scenario I would still definitely hold for the first and probably even the second dip. Historical data shows that it is the best decision to make. As for Tezos, I stil don't see any real dominance over BTC but keep in mind; it is a coin that usually moves with some lag. Let me know your thoughts :)))
Comments
WTFpattern
I might be getting out of XTZ on the next pump cycle, it took a week to add 0.10 and an hour to lose it
cviryiotis
@WTFpattern that’s true however it does tend to pump later than other coins.
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