Hy guys!
Tezos is very bullish and it looks to me that price could repeat a Februar 2020 situation, where a triple EMA cross happened right before
this parabolic price rise to nearly 4USD.
In the current situation we could see a Pullback to the 2.58-2,60USD zone which aligns with the 0.381 Fib level and is also a flipzone, indicated by many touch points in the past, which could make this a great area to fill your bags! Eventually, this area also could be the end of a potential wave 4, however, yesterdays daily wick nearly touched this area already!
Currently price also forms a bullish Pinbar on the daily.
In my opinion, the chances are higher to see a trend continuation and that a correction that many are waiting for, already had happened!
See the screenshot for more details!
Please comment, share and like this idea if you get out some value from it. This will keep me motivated to eventually post more ideas in the near future. Thank you!
PS: Always use a Stop Loss!
Tezos is very bullish and it looks to me that price could repeat a Februar 2020 situation, where a triple EMA cross happened right before
this parabolic price rise to nearly 4USD.
In the current situation we could see a Pullback to the 2.58-2,60USD zone which aligns with the 0.381 Fib level and is also a flipzone, indicated by many touch points in the past, which could make this a great area to fill your bags! Eventually, this area also could be the end of a potential wave 4, however, yesterdays daily wick nearly touched this area already!
Currently price also forms a bullish Pinbar on the daily.
In my opinion, the chances are higher to see a trend continuation and that a correction that many are waiting for, already had happened!
See the screenshot for more details!
Please comment, share and like this idea if you get out some value from it. This will keep me motivated to eventually post more ideas in the near future. Thank you!
PS: Always use a Stop Loss!
Comment:
Price reaching the support zone. Watch the price action here and consider an entry long, if you have enough evidence that price reverses from here!
Unfortunately I cannot post new ideas, something seems to be wrong with my tradingview account...
Unfortunately I cannot post new ideas, something seems to be wrong with my tradingview account...
Comment:
Price at the 0.382 Fib, next support would be the 4h 50EMA at around 2.50! Price must hold above the 2.45USD level to keep this idea valid!
Trade active:
Be ready to enter on the 5min trendline break
Trade active:
Breakout!
Good luck to everybody who bought this Pullback!
Good luck to everybody who bought this Pullback!
Comment:
Price pushing through the 1h trendline resistance and 50EMA. This could be a great Breakout or Pullback long opportunity!
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DISCLAIMER (read it please): Never ever consider a trade without an education and always use a STOP LOSS to protect your account at all costs! Never ever use a mental STOP LOSS! You should also have a strict money management system in place, which allows you to trade with only a 1% Risk for each trade you take! If you are a beginner, you should trade with only 10USD Risk maximum and continue until you have gained the skills and proved yourself to be profitable over a longer period of time!!!