Tezos XTZ quick update:
XTZ is still well within the Bullish Zone of the Ichimoku Cloud.
XTZ is above its 50EMA on the daily chart.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating HUGE upwards momentum at the moment.
At the moment XTZ has found resistance from its Ichimoku Cloud Base Line (Kijun Sen)
The Chaikin Money Flow (CMF) is indicating XTZ is about to head into the accumulation zone.
The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has curved sideways since yesterday. We need the MACD Line to cross back over the Base Line at 0.0 and back above the Signal Line (Orange Line). Notice that the Red histogram has become lighter indicating increased buying strength.
If XTZ closes this daily candle above its Ichimoku Cloud Base Line (Kijun Sen), then its Ichimoku Cloud Conversion Line (Tenkan Sen) and also back above the Gann Fan 1/1 Resistance Level and eventually turn all of those levels into strong support, then we could be looking at another attempt by XTZ to get back over the Pitchfork Median Line.
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
XTZ is still well within the Bullish Zone of the Ichimoku Cloud.
XTZ is above its 50EMA on the daily chart.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating HUGE upwards momentum at the moment.
At the moment XTZ has found resistance from its Ichimoku Cloud Base Line (Kijun Sen)
The Chaikin Money Flow (CMF) is indicating XTZ is about to head into the accumulation zone.
The Moving Average Convergence Divergence (MACD) is indicating that the MACD Line (Blue Line) has curved sideways since yesterday. We need the MACD Line to cross back over the Base Line at 0.0 and back above the Signal Line (Orange Line). Notice that the Red histogram has become lighter indicating increased buying strength.
If XTZ closes this daily candle above its Ichimoku Cloud Base Line (Kijun Sen), then its Ichimoku Cloud Conversion Line (Tenkan Sen) and also back above the Gann Fan 1/1 Resistance Level and eventually turn all of those levels into strong support, then we could be looking at another attempt by XTZ to get back over the Pitchfork Median Line.
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽