DU09

XTZ/USD - Massive strength in Tezos price action! Bullish.

Long
BINANCE:XTZUSDT   Tezos / TetherUS
China FUD, market dumps -10%... Tezos? It pumps 20%.

This is a show of strength and I don't think Tezos will stop until it reaches the true test at around $9. There are a lot of converging lines around that area, including a Fib 78% extension.

I'd be surprised if Tezos can break that. See my macro view on Tezos (linked below), this line is our resistance since forever. So best to secure profits once we get there.

For now bias is very bullish and I see Tezon pumping higher, China can't stop this or anything. I am not sure what is pushing price higher and higher... but it's working. :)

Volume is up on this move higher too... another show of strength for this.

Not much else to add, enjoy the pumps.

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