If zoom out, we can see that the Tezos is moving in an inverted wedge/triangle pattern. There are support and resistance lines/areas which when the price reaches, will bounce off it. Currently, XTZ is moving down, also in an inverted wedge/triangle. The best area to buy is when the price reaches the area near the bottom of the pattern.
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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.