This is just beautiful.
I mean it does not get any more text book that this.
Follow the link to see the almost exact pattern plotted out by one of the most respected chart pattern traders ever.
If the the conservative dashed trend line that is connecting the candle bodies to one one another holds i look for a reversal there. If the price breaks then I look for a move up to the other trend line that is at the top of the wick. Then if that fails look for a 1 to 2 year long bear market back to the bottom trend line.
If tezos can break the red trend line I look for 5.50. If not the chart is still bullish and a double top followed by a triple bottom is what I anticipate. All indicators are trending bullish on this one.
Tweezer Tops almost always lead to a reversal. Candlesticks are the most powerful indicator we have and tweezer tops almost always play out. If next weeks candle is followed up with a full body bullish engulfing candle and it closes above 20$ then onward and upward we go.
However, on a MACRO intermediate to long term time frame LINK TA is screaming a drop down to...
Everything is pointing in that direction. This type of ascending triangle pattern is a continuation. It is Printing higher highs and lower highs. The RSI on the daily is Bullish. The STOCHS just crossed over bullish on the daily. The ADX just crossed bullish but needs a little more work and I like how the 50 DAY EMA is holding up the lower highs and how it lines...