In the loving memory of my child Muffin... i present you this chart analysis.. if this analysis helps you then please give me a like that would help me alot and encourage me to do more chart analysis...
So a lot of things are showing that our tezos is in a downtrend MACD struggling to cross .050 line since 26 October , 20 SMA always pushing the value of XTZ downwards and top it trendline is created in 4h candle chart pattern.
The next move we can expect from tezos when it breaks the trendline.
The big support is from 4 - 3.4 $
Also don't forget to watch BTC...
Non financial advice. But this is expected because Tezos has good blockchain features and security than others. And Tezos is also backend bull and bear buys. So chances are higher for XTZ to be $10-$12 by 14-16 October.
Tezos in 1H time frame is consolidating within its major resistance and major support and forms a bullish flag on a trendline. If it breaks the bullish flag it can give a healthy move till the major resistance.