Past Performance of Tezos
The dominant trend in the short term is bullish. Gleaned from the formation in the daily chart, buyers have the upper hand. Risk-off swing traders may find loading opportunities to buy the dips with targets at immediate key resistance levels. In the past 24 hours, XTZ is up four percent and stable in the previous trading week.
#Tezos...
Past Performance of Tezos
Tezos prices are retracing from recent highs, reading from the performance in the daily chart. Although there were hints of strength, the failure of bulls to push prices above $2.20, or last week’s highs, should be a concern. Technically, sellers have the upper hand provided prices are below $2.2, the immediate resistance line, from a...
RSI rose to 75 and got rejected, but volume and MACD look promising.
Two (hopefully obvious) outcomes I'm projecting...
Best case... Breaks through the top of the parallel channel.
Worst case... Consolidation and retrace down to $3.60 to $3.80 range.
~J.Crypto~
Market in last 1 week
XTZUSD saw a downtrend breaking the lower band with high level of volumes
Price volatility was very high. The market moved ~40.06%, between $2.67 and $1.91
Today’s Trend analysis
XTZUSD expected to see an uptrend as the price is trading between midline and lower band with lower band acting as support, along with gap down, price to...
Market in last 1 week
XTZUSD saw a downtrend and started riding the lower band
Price volatility was very high. The market moved ~49.9%, between $3.47 and $2.31
Today’s Trend analysis
XTZUSD expected to see a sideways movement as the price after riding the lower band got support from lower band
Price at time of publishing: $2.56
XTZ’s market cap: $1.9...
Market in last 1 week
-XTZUSD saw a downtrend breaking below the midline band
-Price volatility was very high. The market moved ~20.59%, between $3.94 and $3.27
Today’s Trend analysis
-XTZUSD expected to see a downtrend as a series of higher lows and lower highs were observed with Bollinger band squeeze
-Price at time of publishing: $3.63
-XTZ’s market cap:...
Tezos extends the weekend price action above $4.00 to test the resistance at $4.40.
A reversal is underway mainly impacted by the formation of a short term rising wedge pattern.
Some altcoins have been performing incredibly well over the last several weeks. The tokens have seen investors diversify their attention from Bitcoin to these smaller coins. This was...
