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BitcoinMaximus1

Tezos Could Increase By More Than 30%!

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Tezos / Bitcoin (KRAKEN:XTZBTC)  
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KRAKEN:XTZBTC   Tezos / Bitcoin
Trend Analysis Chart Patterns Technical Indicators tezos xtz XTZBTC tezosbtc tezosanalysis xtzlong xtzsignals tezossignals xtzbullish
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trendanalysis chartpattern indicator tezos xtz xtzbtc tezosbtc tezosanalysis xtzlong xtzsignals tezossignals xtzbullish
The XTZ price is currently trading inside a strong support area found at 25,000 satoshis. This is the previous breakout level, the movement above which in the beginning of February eventually led to the all-time high price of 40,530 satoshis on Feb. 21.

The price has created a descending wedge, out of which it is in the process of breaking out. I think the price will break out for several reasons:

  • Creation of a bullish reversal pattern inside a significant support area
  • Bullish divergence in the RSI
  • Possible RSI movement above 50

Target 1: 28,500 satoshis
Target 2: 33,500 satoshis
Stop loss: 24,000 satoshis

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Komen:
snapshot

First target reached after five days. Expecting a retracement followed by an upward move towards the second target.
Penafian

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