TradingView
MrMoneyMatrix
Aug 3, 2020 6:14 AM

The Future Of Tezos 

Tezos / BitcoinBittrex

Description

Wow! This chart looks amazing! I do not know much about the fundamentals that surround this coin or the company, but the technical analysis look bullish if the support can hold. A quick look at the stats from coinmarketcap; This coin is ranked #14 with a circulating supply of 738,559,491 XTZ.

Now for the technical analysis. The triangle that i have created based on previous support, and resistance looks almost like a symmetrical triangle forming a huge bullflag. I have the liquidity zones highlighted in green , and yellow. I use the color yellow for universal caution, and green is obvious. I have also used the FIB Retracement tools to locate a potential short term sell zone based on the 0.618 . That is the area I would like to see the price break above , and find support to confirm a real bullrun to new ATH.

This is not trading advice, but only my humble opinions based on what I see.
Comments
CryptoCheck-
XTZ Is About To move Into An EXPLOSIVE Bull Market
CryptoCheck-
Good idea
More