Why Tezo's could explode to the upside
If we look at the XTZ/BTC chart we can see that Tezo's is forming a MASSIVE multi time frame flag on the cross. If this midterm support level in the XTZ/BTC cross does hold. We are due for a MASSIVE upside break in Tezo's. You can see in the past where Tezo's usually consolidates before a move up. We have seen a ton of coins popping off for moves. ATOM, LINK, etc... Tezo's seems to be the next on the list.
The XTZ/USD chart also looks very good. We are at a massive support zone that has been confirmed a few times. If this level does indeed hold, it will catapult it much higher. Once the XTZ/BTC cross start's breaking to the upside, we will everything rocket higher.
Targets. If we measure the breadth of the Tezo's move it gives us a .0006 target on the cross. If USD really gets going I would imagine our earlier $5-$6 target get's hit easily. With the possibility of $10 if things really start going like atom or link.
Things could get interesting,
-sherem
The XTZ/USD chart also looks very good. We are at a massive support zone that has been confirmed a few times. If this level does indeed hold, it will catapult it much higher. Once the XTZ/BTC cross start's breaking to the upside, we will everything rocket higher.
Targets. If we measure the breadth of the Tezo's move it gives us a .0006 target on the cross. If USD really gets going I would imagine our earlier $5-$6 target get's hit easily. With the possibility of $10 if things really start going like atom or link.
Things could get interesting,
-sherem
Nota
I still have my XTZ bags, but this trade is done for now. We will most likely pullback to $3 from here and lower if that area does not hold.Nota
While I am out of my trading bag on XTZ, I still have my hodl bag. Be mindful, we could see this thing hit $1.5-$2.00 if we get a massive sell off.Nota
Weekly flag is still in tact. Entering long here from $2.66 for a bounce up to $3.2, possibly much higher if we get going. We will see what the weekend brings.Nota
Weekly flag is still in tact. Nota
Massive shake out, but this XTZ/BTC cross is still holding. This idea is still in play. If we get USD buying AND cross XTZ/BTC buying, we will hit our $10 yet. MACDS turning up, XTZ/BTC at massive support moving off ofit. Heads on the swivel people. Nota
XTZBTC flag broken down :-/XTZ's only saving grace at this point is that USD has not gone done further.
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