XTZ - Potential Cup & Handle

Tezos, which is bullish as hell in my book, has some great news recently and is funded by a couple large institutions for providing on chain products.
Gavin Wood has stated Tezos is the ONLY blockchain with the technology of the future (Web Assembly), while we are using current tech now, Tezos is way ahead of any competition on this front.

TA: cup and handle formation develops, we may have just hit the height of the lid, we should watch for a retrace here. The lid could extend higher before the retrace, but its a good time to start watching. I marked a couple buyin areas for XTZ. This could easily take XTZ to $14

This one is one of my top Alts for profit prospects. DOT, LINK, EGLD are currently my top ones. With the Parachains coming out for Dot, it is EASILY the most profitable coin. the profits from Kusama parachain auctions have been insane!!

Good luck

Comment:

UPDATE

Price has retraced down to the 1st consolidation level, we have seen a big push upwards, but the market may still want to push down slowly. This is why I have marked a 2nd area below, which also coincides with the 61.8% Fibonacci Retrace.

This will all depend on Bitcoin, but I think we should see some SOLID movements coming up here from XTZ.

Comment:

2nd zone was hit hard, and rallied off of. This trade would now be active, the moment it rose above the rim. Wait for pattern to play out.