swilton

XTZUSD speculative handle

Long
COINBASE:XTZUSD   Tezos
I bought the fear throughout October, now it's time to see if it pays off. Linear scale this time. I'm speculating that XTZUSD could be forming a nice cup & handle pattern. The standard price target of this chart pattern is measured by the distance between the top and bottom of the cup, which is then applied to the top of the handle at the potential breakout point. That puts XTZ roughly in the ballpark of $15 to $16 if this pattern plays out. This target is driven purely by speculation and traditional TA, no fancy algorithms here. Fundamentals still look good. Macro uptrend is still in tact. I feel pretty comfortable with this trade, but it's crypto so we know anything can happen. As always, let's wait and see.
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