Is Tezos about ready to make a parabolic move? This is its all-time weekly logarithmic chart, and as you can see it has formed a parallel channel that it has tried to break up and out of several times now. It has also bottomed out on BTC pairing (twice), and is one of the few not to gain back against BTC since other alts have begun.
Will we attempt and succeed on test number 4, or will the BTC pair continue downward and show us a re-test of the bottom of our logarithmic USD channel?
Tezos was lauded for its staking gains last year and is just getting started. Let's see!
Here is the BTC pair, showing a potential double bottom, confirmation above the middle of the W, triple bottom also possible if we get around the center of the W and turn back down again:
Will we attempt and succeed on test number 4, or will the BTC pair continue downward and show us a re-test of the bottom of our logarithmic USD channel?
Tezos was lauded for its staking gains last year and is just getting started. Let's see!
Here is the BTC pair, showing a potential double bottom, confirmation above the middle of the W, triple bottom also possible if we get around the center of the W and turn back down again: