Sparkster

Tezos Target — Heiken Ashi Suggests 30% Drop

Short
BINANCE:XTZUSD   Tezos
  • As you can see the current weekly candle using the Heiken Ashi chart is painting red.
  • We would not be surprised to see a quick drop to the $1.70 area from the current $2.50. A 30% drop. Finding support on what we at SparksterSignals call the golden mean horizontal (dividing the chart visually between bear zone and bull zone).
  • Following that correction we expect Tezos to break out strongly from the resistance trendline overhead to test it's ATH and enter price discovery mode in the sky's above.

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