Over the next months XTZUSD will reach new ATH. The weekly bars have long wicks (green arrow), reaching to the 21-weekly EMA, which is bullish. The downwards trendline (red) will soon be broken, and later, the blue channel will be left to the upsite.
Anyway, tezos clearly showed a corrective pattern during the last years corrresponding to a wave b of an abc correction (which will be a running flat). Therefore perhaps during Q2 of next year a brutal downmove is to be expected.
Anyway, tezos clearly showed a corrective pattern during the last years corrresponding to a wave b of an abc correction (which will be a running flat). Therefore perhaps during Q2 of next year a brutal downmove is to be expected.