Tezos (XTZ) Technical Analysis: Consolidating Inside Pennant Pattern, But Which Way Will it Breakout?
Cryptovest
Published Apr 11, 2019 06:24AM ET
Updated Apr 11, 2019 07:42AM ET
Tezos (XTZ) Technical Analysis: Consolidating Inside Pennant Pattern, But Which Way Will it Breakout?
Tezos is standing out as the lone survivor among the top 20 cryptocurrencies today, as the market sharply corrects during the Asian trading session.
Right now the asset is holding on to a 3% gain over the US dollar, but still trading just shy of the psychological $1.00 level. 24hr trading volumes have begun to thin from yesterday’s close; down $3 Million since this morning as the asset continues to consolidate tightly inside a pennant pattern.
According to Coinmarketcap’s figures , Swiss-based exchange, Bitmax, is currently accounting for over 53% of all XTZ trades today mostly against BTC pairing.
On the 1D XTZ/USD chart we can see that XTZ is consolidating inside a pennant pattern af...
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