cyberalchemy

XTZ headed for a fast rise and fall?

Long
COINBASE:XTZUSD   Tezos
I'm disappointed that XTZ didn't break out already for an ATH before the new moon. I was still optimistic until this morning when I learned that a whale withdrew 625,000 TXZ worth $2.1 million from Coinbase at 18:36UTC. Now it seems unlikely that we'll see much higher than $3.95 or so as we hit the next high in the current channel. Then I expect a sharp dip back down to $3.08 or so before the new moon. As you can see from the chart, the dip usually precedes each major lunation.

I still have faith in Tezos and expect an ATH soon, but I'd say we'll probably have to wait another couple weeks for the next shot just before full moon.

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