XTZ: A correction is definitely needed to meet further new highs

It looks that Tezos is not going to stop, as its rate today has increased by more than 10% in correlation to the main cryptocurrency. Taking into account the technical analysis, the asset is definitely overbought, which confirms the RSI indicator.

Moreover, the XABCD pattern shows an upcoming correction and a roll back to the 18k satoshi level. Thus, the break of the 20k satoshi zone will confirm the formation of bearish movements.