Stoic-Trader

XTZ: Bear Flag = Further Downside

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BINANCE:XTZUSD   Tezos

As with most cryptos, I´m not convinced by the recent uptrend.

In Tezos´ case, we have a bear flag in play, strengthened by the fact that there is no RSI divergence, which would be expected if the downtrend was over.

Consequently, my outlook remains bearish on Tezos, and I anticipate the possibility of at least one more lower low in the near future.

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