XTZ - Tezos ripe for correction

30 Nis 2020

XTZ is looking like it could use a correction, after touching a resistance trendline and breaking above with little volume its likely well see a decline/correction. I've marked 2 paths, we either see strong bullish action which I deem less likely or a stronger correction that coincides with a break of that parabolic curve. Shorting this is rather risky, as the general crypto market is bullish at the moment. Good luck!

*Personal opinions, do no trade on tradingview posts, make your own analysis.*

30 Nis 2020

Not

so far so good

1 May 2020

Not

It seems to be retesting that parabolic curve, chances of it going down are higher than of it going up.

3 May 2020

Not

Quite clearly making a pennant;