Tezos is growing at steady state. I can see an Elliot wave formation building with 2nd wave within the uptrend channel after a recent ABC correction. Inverse h&s Formation for breakout of ascending resistence line (light blue). ema12 crossing ema50 as bullish confirmation sign on the daily.
But, as I'm a self-told hobby technical analyst.... what do I know?! :)
hmm i like what I see. Nothing bold about that. This is the most functional and undervalued asset in the crypto space. I am suspecting that the swiss will use this to build etfs on top of distributing dividends, thus making tithe most valuable and functional crypto besides bitcoin. Your first target at 4.56 is a little lower than mine. 6.8x is my first target. Then a retrace and then $12. Don't know when we see this happen but my guess is soon.
allthingschange2019
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Just double checked the charting. Your price action seems to be way closer than what I originally came up with. Nice work! Thanks
@paypay9000, what I have learned in crypto so far is that it is all about the candle closing. while we broke the mentioned support on Jan 25th, the daily candle just lost it by a few cents and was shaped as reversal candle....
MitchMilli
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Nice spot on the inverse head and shoulder! Let’s hope it pierces through that neckline! Thanks!