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838,599 views
Jun 10, 2021
Tom Bilyeu
Comments...
Tezos is up nearly 80% in the past three days and after overcoming resistance, XTZ would double in price, just like I had predicted earlier, and congrats to those who adhered to my technical market prediction on Tezos earlier. Tezos is getting ready to rally. Its price has rebounded by nearly 80%, rising from a low of $3.90 to a high of $6.90. The recent bullish impulse has allowed XTZ to slice through the middle trendline of a parallel channel where its price has been contained since 2019. The consolidation pattern on the three-day chart suggests that as long as the channel’s middle trendline at $5.40 holds, XTZ could advance towards the upper boundary at $12. From a lower time frame such as the daily chart, a decisive daily candlestick close above $6.60 is likely to mark the beginning of an 83% run towards $12. But losing the channel’s middle trendline at $5.40 could lead to a steep correction to the channel’s lower edge at $3. so the stop loss from my previous analysis on Tezos is still applicable.
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The fact is, BTC is the future of crypto and the questions traders ask themselves now is if this is right time to invest? before jumping into conclusion i think you should take a look at things first, for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish. while others still continue to trade without the fear of making loss, others are being patient. It all depends on the pattern with which you trade and also the source of your signals. I would say trading has been going smoothly for me with the help of Mr. Leon Tyron.
