Tezos (Bitfinex: 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, Tezos began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Tezos should be heading next towards the December 24, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Tezos is a multi-purpose platform that supports dApps and smart contracts. The Crypto Lark interviewed the founder earlier this year.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Tezos will takeout the December 2018 peak”.
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If you think Tezos is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Tezos will stay in a trading range between the December 2018 low and the December 2018 peak until March 30”.
(Chart courtesy of Tradingview.com (log scale))
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