Tezos is 1) approaching/already landed on a firm support 2) approaching the 50MA which it has previously skipped off of on three prior occasions 3) gearing up to retest it's September - October pennant.
Wicks are also suggesting a good response to to this support level
Look below for analysis of its BTC pairing
This is all contingent on BTC continuing its uptrend or if Tezos begins to counter trade BTC
RSI is also approaching 50 (Could bounce off)
Nothing is FERCLY confirmed so this is mostly a gamble also considering the previously mentioned contingency
Note
just like its father, XTZBTC is approaching a significant MA and a historical support
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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.