2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later. As of today, momentum is still negative although price may establish support at this level. XTZUSD will need to climb 9% to get back above the downward trendline to show positive momentum. Although 1-day MACD is pushing up, 2-day and 3-day time-frames...
Double top prevails as strongest chart structure this structure will likely push the price down
#XTZUSD is pretty flat at present. Slowly negative momentum is seeping into the longer term time-frames. Tezos needs a good positive push to break the current downtrend so it can re-set for another test of the ATH. Not very good trading signals but certainly an accumulation phase for true believers.
Short-term moving averages help reveal price swings at any time-frame and produce good signal strategies. Here we can see short-term moving averages on XTZUSD with the yellow line whipsawing downwards into the grey line suggesting negative pressure on price. MACD is pushing down Candle formation also showing negative We are now short-term neutral, even...
Momentum looks good on this one. MACD pointing up. Short-term moving averages pointing up. Candle formation pointing up. Trendline being tested. A break today may see a good continuation towards 20% target. Tezos remains a favorite coin to watch at the Sparkster office.
The exchanges love Tezos, Chainlink fans love Tezos, the bulls love Tezos, FA is bullish, and TA is bullish. With staking and transactions up, and with price continuing up too, what choice do we have but to show some love to the XTZ bulls with our own long setup. Resources: bitcoinexchangeguide.com + www.coindesk.com + bravenewcoin.com ✨ Drop a comment asking...
Sitting at fibonacci circle line, rising wedge is also in play, this fib circle line may act as resistance.
Today's start to the new trading week shows XTZ pointing upwards with a 4.5% gain so far today. A close anywhere near current price for today should set up price action for more gains tomorrow. A break above the current resistance trendline will have traders eyeing a 20% gain up to the previous high at $3.50.
Well that might sound a bit of a contradiction by short to long what I meant was: TP1 = 1st green horizontal; short, 2nd long: red is stop for both. So basic law of averages leaves me with no choice but to keep it neutral. If you guys want my personal opinion — take the long approach . I ALWAYS read the white papers of every coin/token ever invested in...
As you can see the current weekly candle using the Heiken Ashi chart is painting red. We would not be surprised to see a quick drop to the $1.70 area from the current $2.50. A 30% drop. Finding support on what we at SparksterSignals call the golden mean horizontal (dividing the chart visually between bear zone and bull zone). Following that correction we...
#TEZOS jumps from the MA100 on 4H chart. At the moment the priority is upwards cause we're located inside the correctional phase. Before entering LONG we should see a confirmed bounce from the mentioned level.
We're in the middle of the range $3.05 - $2.60, don't think to enter any positions here is a good idea, R:R is 1:1. It looks better just to wait the price will touch support or resistance and after that make my turn. And I would rather prefer to buy pullback than to short it above $3, i.e patiently waiting for the further PA. Hit the "LIKE" button and follow to...
XTZ is one of the most bullish alt coins in the moment, broke up the daily channel, had a retest of the upper line and now going to the high of the move. There's no resistance until the $3.30 area, had a 168% up from the lows. XTZBTC is 14% away from the all times high.
Possible rejection at 2.618 fib line looking for a retracement to form the H&S head Looks good for short another H&S pattern for XTZ
Tezos is doing great, bounced off support (missed my bids on a couple of dollars) and goes to resistance to test it in the second time. Don't plan to short this ride now, because I think it could go higher - to $2.4 for example, where I'd prefer to short, but watching closely on the price. Mid-term I think it's more profitable to buy pullbacks. Hit the "LIKE"...
Buy on dynamic support retest. Level 1.86 is a reinforced concrete support. smaller timeframes in bullish trend. Trendy support is sloping and acts as a break point in the bulls' mood. In the daily timeframe you can see that the desire to grow is more than falling:
Pattern: Channel Up since December 2018. Signal: Bullish as the price has rebounded on the Higher Low of the Channel Up to the 1D MA50 while the RSI is replicating a bullish pattern. Signal: 3.9000 (roughly the previous Higher High and 5.000 (+430% from the Higher Low) in extension. Previous signal: