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Dennahz
Jan 22, 2020 8:16 AM

XTZ - Long the breakout > 1.60 Long

Tezos / U. S. DollarKraken

Description

Tezos is currently just below resistance (~1.60) - it's a make or break line.
If it breaks out, it will retest ath and probably break it. Else it might go back to 1.40 or even 1.20 (triple bottom).

The safest bet is to long the breakout which I think will happen soonish.

Comment

Well, the breakout happened. And how?
It finally broke the previous high of 1.8-1.9. Now all eyes on the BTC-pair, see if that one breaks out (>25-26k).

I believe this one has lots of potential to grow.

Comment

Alright, that's the spirit Tezos :) I hope that you took some profit by now (always take your investment out)

It's in price discovery on both BTC as USD pair. I expect this one to grow for a while.
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