Tezos recovers quickly and will soon propose new all -time highs

Krypto News Österreich

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Veröffentlicht am 24.09.2021

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seems to have dismissed the uncertainty on the cryptocurrency markets after a strong relaxation. The central theses of Tezos has increased by more than 36 % in the last 18 hours. The prices seem to approach a turning point. If XTZ breaks down the 7.20 USD, it could increase to USD $ 12.25. Tezos broke into the NFT market and it seems that investors noticed it. After a steep correction, XTZ managed to recover strongly, which could lead to new all -time highs. Tezos sees new all -time highs prepared from Tezos seems to have a brilliant future ...

seems to have dismissed the uncertainty on the cryptocurrency markets after a strong relaxation.

The central theses

Tezos has increased by more than 36 % in the last 18 hours.
The prices seem to approach a turning point.
If XTZ breaks down the 7.20 USD, it could increase to $ 12.25.

Tezos broke into the NFT market, and it seems that investors noticed it. After a steep correction, XTZ managed to recover strongly, which could lead to new all -time highs.

Tezos looks prepared for new all-time highs from

Tezos seems to have a brilliant future in front of it after it has made a name for itself as an environmentally friendly NFT blockchain.

Non-funny tokens have become a hit in Tezos, with rap superstar Doja Cat published her Genesis collection on the Oneof platform in the early this month. At the beginning of the year, the F1 racing teams McLaren and Red Bull Racing also introduced Tezos and named the low CO2 footprint of the chain as the main reason for the choice towards their competitors.

The XTZ token has seemed to develop a head-shoulder pattern on its daily chart since mid-April. The so -called "killer" is currently the right shoulder of the bullish formation.

Another increase in buying pressure could drive Tezos over the head and school section, which could lead to significant profits. Breaking the resistance barrier of $ 7.20 could trigger a new bull run of 70 % towards $ 12.25.

This interest bully goal is determined by measuring the height between the head and neck line of the pattern and this removal is added to the outbreak point.

The Fibonacci retracement indicator, measured from the low of July 20 of USD $ 2.15 to high from September 13th of USD 7.20, indicates that Tezos could be confronted with some hurdles on the way to new all-time highs. These obstacles are $ 8.60, $ 9.30 or $ 10.30.

It is worth noting that if Tezos does not break the head and school line at $ 7.20, a rejection could take place, which leads to an increase in sales pressure. XTZ would then be back, but it would have to stay above the price pocket of $ 4.70 to $ 4.10 so that the bullish views remain intact. If this area of interest is not maintained as support, this could lead to a steep correction to $ 3.30.

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fusion media or someone who is involved in Fusion Media assumes no liability for losses or damage resulting from the trust in the information contained on this website including data, courses, diagrams and purchase/sales signals. Please inform yourself comprehensively about the risks and costs associated with trading on the financial markets, since it is one of the most risky forms of investment.

Tezos recovers quickly and will soon propose new all -time highs

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