Tezos
The first time I noticed these megaphone patterns was in March of last year and Tezos was apart of the few tickers that showed that pattern.
Since then, I understood how these patterns usually played out, however, the drastic increase and drop in price for the pattern to continue seemed impossible - given where we were at in the market. (April 21' - July 21' - Oct 21' - Jan 22')
After seeing these last 3 swings, along with price holding the long term lower trend line, to think a next leg up is impossible this time might be a bit insane.
Previous post with these findings are linked below. I may post a few old examples.
Since then, I understood how these patterns usually played out, however, the drastic increase and drop in price for the pattern to continue seemed impossible - given where we were at in the market. (April 21' - July 21' - Oct 21' - Jan 22')
After seeing these last 3 swings, along with price holding the long term lower trend line, to think a next leg up is impossible this time might be a bit insane.
Previous post with these findings are linked below. I may post a few old examples.
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