Hello everyone
Looking at tezos daily chart we can see that tezos has been in a downtrend since June second and we could say that the downtrend was a consequence of bearish divergence forming on the RS.
XTZ has now come to retest the key support level. This support is holding April 24th and looking at the RSI being oversold its safe to say that this can be just the accumulation before another push up.
Let me know what you think of this.
Looking at tezos daily chart we can see that tezos has been in a downtrend since June second and we could say that the downtrend was a consequence of bearish divergence forming on the RS.
XTZ has now come to retest the key support level. This support is holding April 24th and looking at the RSI being oversold its safe to say that this can be just the accumulation before another push up.
Let me know what you think of this.