It looks that Tezos is not going to stop, as its rate today has increased by more than 10% in correlation to the main cryptocurrency. Taking into account the technical analysis, the asset is definitely overbought, which confirms the RSI indicator.
Moreover, the XABCD pattern shows an upcoming correction and a roll back to the 18k satoshi level. Thus, the break of the 20k satoshi zone will confirm the formation of bearish movements.
Moreover, the XABCD pattern shows an upcoming correction and a roll back to the 18k satoshi level. Thus, the break of the 20k satoshi zone will confirm the formation of bearish movements.
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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.