- XTZUSDT is resisted by the descending trendline resistance.
- Price is testing the descending trendline resistance
- Price action is printing an ascending triangle pattern at the test zone.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance and the ascending...
". There is a possibility of temporary retracement to suggested support line (0.0000855).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. Tezos/Bitcoinis in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Tezos has been dumped en masse for months now vs BTC. Nothing amazing has come out of the project whilst all eyes on ETH.
Traders looking to increase their BTC could look for a 50% gain in BTC if a whale goes on on this.
Lower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice point on the Fib Extension, Invalidation level in red as always. Anyways, I am longing this one once again. I will be following this space closely.
I have been posting several crypto set ups lately because currently there are many pumps happening across several coins. Great opportunity to increase your BTC value.
Tezos had some strong moves in the last few months and several demand zones have been created, these present decent trading opportunities
from TEZOS low at the start of 2020 to the high so far this year looks like the bulls are ready to send the price to next high as long as we stay above 2.8280 Level
i would trade this once there has been a bounce off the 0.168 fib level
After a strong rally the past few weeks i expect that there will be a period of profit taking witch brings more downward pressure! I stay long on XTZ but on resistance i go short to cover the bulk of my position.