Consolidation time for TEZOS

The strong uptrend of Tezos got stalled after the market-wide retracement we had.
Now it looks like it's about to consolidate with a pretty strong area of support as the lower part of the new range.

The supports of this new range will be marked by previous swing highs/lows and the 200 MA
With the lower part of the previous range acting as support
And below that one more support area.
Basically the previous resistance of the last range has become the new support as we enter a consolidation phase.

I'm also using GMMA to understand the dynamic between Long term investors vs Shorter Term Traders
The red lines represent longer-term EMA's that represent Long Term investors
The green lines represent shorter-term EMA'S that represent Short Term Traders

The bigger the distance between red and green lines, the stronger the trend.
Periods that show the red and green lines close mean a range or side movement.
Also when the green lines cross above the red lines, that means short term traders are more bullish than long term investors
This signifies the start of an uptrend conversely the opposite is true.

This makes the GMMA pretty similar to most indicators that gauge different EMA'S and use them to determine wherever the short term is bullish or bearish
comparing it against the long term.

In this case, for TEZOS, we seem to have entered a new area of consolidation as we had a small downturn signified by short term traders becoming more bearish than long term investors
But also both the green and red lines are getting closer meaning very weak conviction behind either move, that's a pretty strong signal for a period of consolidation.

With all this considered I think we are entering a period of ranging price and consolidation with pretty strong support beneath it.