Market & Ticker: TEZOS  XTZ/USDC 

Date: 05/12/2024 
 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 

Scenario:  
 
XTZ (Tezos) is showing strong bullish elements opening a potential towards 3.10$ 
 
As long as 1.20$ remain a tactical support valid (daily close) a larger rise to 2,20 is expected before 3,10 in extension. 
 
Technical Key Elements: 
 
- RSI Indicator is positive – no divergence 
- The Moving average are support 
- Fibonacci key support is adjusted at 1.20$ while the key resistance is adjusted at 2,20$ and 3,10$ 

 
Trade Idea conclusion:  Bullish  

Target 2: 3.10 

Target 1: 2.20 

Tactical support: 1.20 (daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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