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THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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CryptoPlanet

THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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Current Cryptocurrency Prices

cryptoplanet3@gmail.com

$XTZ, The cryptocurrency of Tezos appears to be in a bull flag. A break above the dotted line would confirm this pattern and would lead us to higher resistance zones, as this would be a move past the top of the bull flag. 

A target I expect to see reached when this occurs is $5.05. Long term we will likely reach all-time highs once again.

We also have a possible inverse head and shoulders. For further bullish confirmation I would wait for a break above the dotted line resistance to confirm further bullish bias. 

We can also see that we may have completed a first wave in an elliot wave structure. A move about the dotted resistance line would signal confirmation that the first wave is completed and that we are moving into the third wave.

As we can see this zone is EXTREMELY important!

We can also see that the bear market for $XTZ completed with a double bottom at the highlighted zone. 

After this completion the elliot wave pattern had began. We can confirm that this elliot wave is valid based off of our subwaves. To confirm the movement into the third wave we must see a strong move that closes above $1.83.

If you enjoyed this analysis see the video analysis for further details!: https://youtu.be/VoTFLnWv10I

 

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