Tezos(XTZ): Looking Potential Movement To Upper Resistance

With an Elliott Wave pattern in motion, points (A) to (E), the coin has been making waves. The climb to point (C) was promising, but now we're in a critical phase as we've slipped from there, and point (D) is giving us some hope from the push it is showing us right now.

It looks like we're gearing up for a decisive moment at point (E). If the bulls can muster up the strength and we break past the resistance near the $0.90285 mark, we're eyeing a potential uptrend that could challenge previous highs. On the flip side, if the bears take the reins and we see a downturn from (E), there's a chance we could dip back down to test lower supports. It’s all about the play-around point (E) now. We personally want to see a nice rejection happen in the near future. that point!

Comment:

Price had a nice 6.60% market price movement, which is heading slowly towards our target or reaching that upper resistance zone.

Once we see the price near that zone, we will be looking for a short position!

Comment:

Price reached nicely that upper resistance zone (Point E). After that price has had a nice 7% of market price movement which is still going!