Yesterday's Lambo Today's Chevy: XTZUSD Updated Analysis
Dear traders and friends,
Welcome to my updated analysis of Tezos. First of all, don't misunderstand me. I like Chevy and I drive Chevy. But when talking about trading, finding a Lambo-ish asset that has a powerful momentum is crucial. Tezos is obviously not that kind of asset for a while.
In my previous article, "XTZUSD Imminent Breakout?!", I pointed out that volatility might come back to this asset. The price has broken out the giant symmetrical triangle for few days, but its sluggish momentum is disappointing. Now it has formed another ascending triangle. In this circumstance, it is really hard to say which direction is going to go. It all depends on the Bitcoin and LINK price.
Be prepared and plan in advance. Will keep updating.
HakoneDream
Welcome to my updated analysis of Tezos. First of all, don't misunderstand me. I like Chevy and I drive Chevy. But when talking about trading, finding a Lambo-ish asset that has a powerful momentum is crucial. Tezos is obviously not that kind of asset for a while.
In my previous article, "XTZUSD Imminent Breakout?!", I pointed out that volatility might come back to this asset. The price has broken out the giant symmetrical triangle for few days, but its sluggish momentum is disappointing. Now it has formed another ascending triangle. In this circumstance, it is really hard to say which direction is going to go. It all depends on the Bitcoin and LINK price.
Be prepared and plan in advance. Will keep updating.
HakoneDream
Comment:
Have updated some targets I'm looking at in the previous post, "XTZUSD Imminent Breakout?!"