📍 The chart is forming a Livermore-style expanding wedge —
a structure where each price swing grows wider, and volatility increases.
📌 The current zone may be a key turning point for the trend.
a structure where each price swing grows wider, and volatility increases.
📌 The current zone may be a key turning point for the trend.
Trade active
Tezos (XTZ) — Wedge Formation Before the Next Cycle Leg
After a +135% impulse, price has returned to the accumulation zone, forming a falling wedge on the retracement.
The current structure suggests a setup for the next upward leg.
A possible retest of the lower boundary wouldn’t be extraordinary — rather, a natural part of the process before continuation.
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Related publications
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.