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XTZEUR

Xtz/Eur Heading into monthly Higher LowKRAKEN:XTZEUR Tezos is heading into the zone where it will most likekely form his monthly Higher Low; leading to monthly consolidation. On the medium/short term, the presence of a falling wedge (pink on the graph), suggest a bullish reversal in the zone between key support of 0.9000 and 0.7770, thus forming a monthly Higher Low. Target for the next monthly Lower High in the red zone, level will depend on how much time it got here, and how much "Oomph" the reversal get On the fundamental analysis level, lot of thing going for Tezos here in september, with couple of events/Hackaton, * meeting in sillicon valley, * the next amendement of the blockchain will finish testing in 20 days and most likely become online * THERE WILL BE AN AIRDROP of a new DUN token on the 16 September, for all holder of XTZ Token at this moment, so maybe expect a small spike at this point.* * TQuorum Global Summit on the 29 September, will be a huge event in New York.
Long
by Buppido