TEZOS has been trending top to bottom in this descending channel for a while now, and we've recently tested been rejected by the lower edge once again, back to the top edge we go!
We've got a Buy signal from CTv2 to help confirm the upward move and should be able to lock in a good 15-20% on this one.
If you enjoyed or agree with this idea - drop us a comment,...
As i talked about on August 17th i was saying how XTZ is looking like its about to breakout against BTC and we nailed that perfectly! That TA was put out when Price action was still in the descending channel! And we are looking super bullish still with XTZ outperforming majority of the market right now, we wicked upto about the 1 FIB level which is our most recent...
Trading suggestion:
". 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."
Technical analysis:
. 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...
Trading suggestion:
". 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."
Technical analysis:
. 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...
Hello, traders.
TEZOS/BTC is inside a bullish uptrend channel on the 4-hours chart, so we believe that the price has room to go test the top of the channel, and later the important resistance level.
What Is an Ascending Channel?
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this...
Hello Traders,
XTZ/BTC is breaking on the uptrend direction a bullish accumulation pattern knows as Rectangle.
On the big picture, we can see that we are inside of another bullish accumulation pattern called a symmetrical triangle.
If you wanna know the values of the entry point, stop loss, target, and position size join our community in telegram.
Please like...
After the successful test of $3.35 Tezos is going to test the opposite side of the channel.
R:R is small atm; longs are preferrable from $2.35, and for shorts - from $2.82
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Hello Traders,
XTZ is showing us a bullish engulfing candlestick pattern after reversal at 0,5 fibonnacci level, but we still bellow the short term resistance line,
For now we must wait to see if we broke the short term resistance line, but we see this asset on a bullish momentum.
Please push like button and follow us on our social midias.
Best regards Sandro...
H&S completed! Regression indicator of 0.92 indicates further downsides to the support level before the price may rise again. A descending trend like this will likely lead to the formation of a descending scallop.
