The_Yeager

XTZ at the bottom 2.50 -> 5.00 -> 8.00

Long
The_Yeager Updated   
COINBASE:XTZUSD   Tezos
looking at daily chart and marking support/resistance zones. XTZ is staying in upward channel. could take a couple months to reach new highs, but if you were going to buy at the bottom and hold, the signals emphasize now to be a good time. Possible that we could see 1.85 before moving up but the risk/reward on the long term target is very good.
Comment:
first predicted level is reached. We will continue to hold, now with a little less anxiety as there is some distance between us and our buy lol!
but we can not be surprised to see a drop to perhaps 2.00. But I would expect a violent bounce.
BTC will correct hard at some point and we can expected xtz to follow. If price drops near 2.00 we will add a small amount to our current position.

but when BTC does correct I believe this could signal that crypto dominance is moving out of BTC into altcoins. This is when I would expect our levels at 2.50 => 3.00 => 3.50 to be reached.

please friends be careful. Do not trade with your gas money. Buy gas with your gas money, and trade with your cigarette money.

peace.
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