Cyborg009

Update for Tezos trendline analysis

Cyborg009 Updated   
COINBASE:XTZUSD   Tezos
update for tezos, tezos trend anaysis. we are now trading in a falling wedge price trendline which is bullish. but if tezos could pump up above 0.5 resistance(the upper golden line) after this dip, . it will form an inverse head and shoulder pattern for short-term to test the upper trendline. please leave your comment and advice. this TA is provide by novice for study purpose, not applicable for price action.
Comment:
so far so good, althought the inverse head and shoulder didnt play out. the falling wedge seems to be able to hold some support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.