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Tezos (XTZ) in a longer-term bullish price channel
Tezos has been well contained inside this bullish price channel since early 2019. The recent corrective dip in crypto is driving XTZ back towards the support trend line of this price channel.
Should Tez dig a little deeper, it may provide a good buying opportunity as we anticipate a bounce to develop soon.
Price appears well supported as more accumulation days are appearing than distribution days. An accumulation day is when you have bigger than typical volume on an up day and most of the big volume days have been accumulation days.
If XTZ does rebound higher off of the daily support trend line, then look for price to reach double digits and low teen's.
Should Tez dig a little deeper, it may provide a good buying opportunity as we anticipate a bounce to develop soon.
Price appears well supported as more accumulation days are appearing than distribution days. An accumulation day is when you have bigger than typical volume on an up day and most of the big volume days have been accumulation days.
If XTZ does rebound higher off of the daily support trend line, then look for price to reach double digits and low teen's.
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DM us for more information about the bot and our services.
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We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.