Tezos (Kraken: XTZUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, XTZ began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May this year, and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, XTZ should be heading next towards the May peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. Coin Bureau reviewed the coin two days ago.
(Sources: https://tezos.com/)How Will Tezos Trade?
Tezos (Kraken: XTZUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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