XTZ is testing the short-term resistance line, and if we break that level the next target will be the next important resistance level!
Based on the distance from 100 MA we believe the price will come back to test that line as resistance in the short term.
Bullish Diverce RSR
Tezos is inside of a huge rectangle formation and it is likely to pump to the top of this formation. The perfect moment to open a long position is on the bottom of this rectangle for a low-risk trade.
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XTZ is testing the support level of a bullish rectangle and is forming indefinition candlestick pattern.
The buy point is indicated if the price goes above today's candlestick pattern.
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--- Continuation from the previous post on XTZ, link below ~~~
> The 2 Day chart has given a nice bullish candle off a strong support area and fib level in an uptrend on the macro.
> The daily chart below gives indicators as a reversal with upward pressure.
> 21/34 EMA has confluence with the price and trend.
> BTC moving...
Just going through the charts and basically planning ahead as to which are the best from a number of options.
While doing so, will post some of my thoughts.
XTZ.BTC thoughts > Not one of the best options out there... others have better trends.
** This is a additional TA to the previous post on XTZ with BTC pairing **
As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory.
I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the...
This might be the most underrated project in the cryptosphere is it is certainly the most underrated token tied to the Polkadot ecosystem.
Polymesh Network testnet has been launched (aka Substrate/Polkadot)
A tool to help you upgrade your POLY on Ethereum to POLYX on Polymesh. POLYX is the protocol token of the Polymesh blockchain, used for network processing...
~~ This is a continuation of the previous post, link below ~~
Today, after a bullish div move, we have Tezos on its way up (BTC pairing).
> Macro structure as you see is in the complex correction wave with a descending top declining flat...
XTZ/BTC - TEZOS - is in a VERY BULLISH TRIANGLE!
Enter in the green area. If price action falls to the bottom of the triangle, that would be agreat entry.
BTC needs to behave! Keep an eye on Bitcoin and Bitcoin Dominance!
Trade safe my friends....
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...
My thoughts on Tezos against BTC:
> Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern.
> Note the points of...