XTZ: Bear Flag = Further Downside


As with most cryptos, I´m not convinced by the recent uptrend.

In Tezos´ case, we have a bear flag in play, strengthened by the fact that there is no RSI divergence, which would be expected if the downtrend was over.

Consequently, my outlook remains bearish on Tezos, and I anticipate the possibility of at least one more lower low in the near future.

📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)

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.