On the short term, Tezos price action and RSI are both looking like a bullish falling wedge pattern. Where it will reach depends on when it breaks up (assuming it breaks up). I've marked several expected moves for a few potential break points.
Based on the pattern, I would say this will break up within a week and a half - I would bet probably less than a week, myself. How long it takes to reach the expected move I don't know but probably within a few days after the break out is my guess.
What worries me is if it stalls around $9.18 then we could be looking at a nasty double top and that won't be fun.
Keep an eye on it and good luck!
Based on the pattern, I would say this will break up within a week and a half - I would bet probably less than a week, myself. How long it takes to reach the expected move I don't know but probably within a few days after the break out is my guess.
What worries me is if it stalls around $9.18 then we could be looking at a nasty double top and that won't be fun.
Keep an eye on it and good luck!
Nota
You can't see on this chart but the RSI has broken up from the pattern! It's looking good!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.