Tezos looks so ready to start on a new journey. Let's go with the basics first.
The last bullish wave was corrected by more than 100% and immediately the action recovers the early August 2024 low. Which was the lowest point hit after the 2022 bear market.
Since December 2022, XTZUSDT has been moving sideways within a long range. This is a classic consolidation period. This period is reaching its end and Tezos looks ready to start a new journey, the 2025 bull market.
First we have a long-term downtrend followed by long-term sideways, all that is missing in this chart is a long-term uptrend. This is what follows.
As the All-Time Low was hit in mid-April, trading volume goes really low. In fact, the entire correction between December 2024 and present day has very low bearish volume. Not a bear market but a necessary correction based on marketwide action and the broader market cycle. Now that this correction is over we can expect to see some change.
Since there is no bear volume on the drop we can assume the bears have no strength and weak bears is another signal that supports the bulls taking control of the market. In short, Tezos is about to grow.
I am giving you mainly three targets on the chart and all three are very easy targets. Tezos will cut through those. You can aim higher of course, but this is the minimum in the upcoming bullish cycle.
Thanks a lot for your continued support.
Namaste.
The last bullish wave was corrected by more than 100% and immediately the action recovers the early August 2024 low. Which was the lowest point hit after the 2022 bear market.
Since December 2022, XTZUSDT has been moving sideways within a long range. This is a classic consolidation period. This period is reaching its end and Tezos looks ready to start a new journey, the 2025 bull market.
First we have a long-term downtrend followed by long-term sideways, all that is missing in this chart is a long-term uptrend. This is what follows.
As the All-Time Low was hit in mid-April, trading volume goes really low. In fact, the entire correction between December 2024 and present day has very low bearish volume. Not a bear market but a necessary correction based on marketwide action and the broader market cycle. Now that this correction is over we can expect to see some change.
Since there is no bear volume on the drop we can assume the bears have no strength and weak bears is another signal that supports the bulls taking control of the market. In short, Tezos is about to grow.
I am giving you mainly three targets on the chart and all three are very easy targets. Tezos will cut through those. You can aim higher of course, but this is the minimum in the upcoming bullish cycle.
Thanks a lot for your continued support.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.