Tezos remains in his uptrend since early 2019. It is one of the strongest altcoins since long time climbing up the ladder in market cap rankings. So it's good to focus on that coin.
Its likely to retest its all time high during this next leg.
Hi friends,
There are a few reasons why I publish this short idea for XTZ.
1) Approaching resistance @ 1.60
2) Broken triangle and looking for a retest at resistance @ 1.60 would line up perfectly
3) Hidden Bearish Divergence on the 4H chart
Entry: 1.60, at resistance
SL: 1.81, just above previous high
TP: 0.93, just above previous low
Feel free to share your...
In a case of breakout, the price could go touch the major descending resistance.
In a case of breakdown that could be a disaster that could go down to 0.5€.
We have almost 0.95€ of potential moving which is very huge...
Hello,
We are clearly on a descending chanel.
After a bull race, Tezos is going down to a strong bottom, as bitcoin did after Dec 2017.
Breaks on the channel can happen so don't forget the limits as Tezos is very volatile.
We are in a big descending triangle.
The support of 0.75€ is very strong and we can imagine a bull period at the end. Nothing interested is going to happen for weeks right now.
KRAKEN:XTZEUR
Tezos is heading into the zone where it will most likekely form his monthly Higher Low; leading to monthly consolidation.
On the medium/short term, the presence of a falling wedge (pink on the graph), suggest a bullish reversal in the zone between key support of 0.9000 and 0.7770, thus forming a monthly Higher Low.
Target for the next...
Tezos is still following its upside trendline.
Before the last short, the price has followed a 13 days patterns (in pink) and finishing by a 25% loosing on the days 12 and 13. Then the price didn't move so much.
And then the price seems to have restarted exactly the same 13 days patterns. If we look at it on day chart, we see it is exactly the same bars colors and...
Hello, I've noticed this possible correction that should match perfectly with fib retracement on the 0,86 resistance. We are on the end of this little chanel in blue, then we can break the resistance but, indicators show a possible coming downtrend, especially if you look at the 1 Day.
I'm still get very optimistic about last days, and this can be a good...
Tezos has a great chance to bottom at this level. Tezos has been moving sideways in the 0.35€ price level for a while which is similar to the ico price.
Over the next time the Tezos "Self-amending" vote and update process will be tested for the first time. It's also the first time a blockchain will update/amend itself in a fully automated process.
Beside voring...
