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.