TEZOS recent deathcross countered by bullish divergences
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XTZ recently had a deathcross on this 1D chart. However in the 4H chart, TEZOS broke ma200 & ma50 in a day w/ a big red candle. As long as the blue zone (4.35 to 4.45 range) holds, I will remain bullish on XTZ. It seems wave 4 has bottomed & a new wave 5 is in the making….maybe after one last correction to retest 4.35. Many indicators showing bullish divergences already but low may get a little lower.
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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.