On the short term, Tezos price action and RSI are both looking like a bullish falling wedge pattern. Where it will reach depends on when it breaks up (assuming it breaks up). I've marked several expected moves for a few potential break points.
Based on the pattern, I would say this will break up within a week and a half - I would bet probably less than a week, myself. How long it takes to reach the expected move I don't know but probably within a few days after the break out is my guess.
What worries me is if it stalls around $9.18 then we could be looking at a nasty double top and that won't be fun.
Keep an eye on it and good luck!
Based on the pattern, I would say this will break up within a week and a half - I would bet probably less than a week, myself. How long it takes to reach the expected move I don't know but probably within a few days after the break out is my guess.
What worries me is if it stalls around $9.18 then we could be looking at a nasty double top and that won't be fun.
Keep an eye on it and good luck!
Kommentera:
You can't see on this chart but the RSI has broken up from the pattern! It's looking good!