Sparkster

Tezos Target — Heiken Ashi Suggests 30% Drop

Short
BINANCE:XTZUSD   Tezos
  • As you can see the current weekly candle using the Heiken Ashi chart is painting red.
  • We would not be surprised to see a quick drop to the $1.70 area from the current $2.50. A 30% drop. Finding support on what we at SparksterSignals call the golden mean horizontal (dividing the chart visually between bear zone and bull zone).
  • Following that correction we expect Tezos to break out strongly from the resistance trendline overhead to test it's ATH and enter price discovery mode in the sky's above.

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.