XTZ - Tezos ripe for correction

Apr 30, 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.*

Apr 30, 2020

Note

so far so good

May 1, 2020

Note

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

May 3, 2020

Note

Quite clearly making a pennant;