Hello, Traders!
Tezos has passed the correction phase and finishes the accumulation phase in the range of $1.84-2.22.
Typically, an exit from such an accumulation does not end with a small upward movement, so we have a chance to take part in the emerging upward movement!
We can consider entry in the deal in the range of $2,22-$2,28.
SL under 2.08 $
...
Maybe, but I will keep myself away for the next hours.
As long as BTC and BTC.D continue to rise, it won't be a good time for going Long with altcoins.
We will see a double bottom at $2.00? Time will say!
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
I've readjusted de bottom line of the symmetric triangle (white lines) in order to cover the latest price movement.
The price has tested many times the support line of the symmetric triangle (white lines), so the breakout should be close to happening.
The symmetric triangle usually breakout in the direction of the current tendency (the one before entering the...
The price has tested the support line of the symmetric triangle (white lines). I'm still in, doing cost-average.
I've just readjusted the possible ABCD pattern, it's only a guide of possible scenarios, the blue lines at BDC.
☝️ The stock market is influencing Bitcoin and the crypto market. In this historical moment (COVID, Stimulus, USA presidential elections,...
After a Double Bottom, a Shoulder Head and Shoulder, higher lows, and the bearish momentum almost gone. Tezos could be recovering and about to start a new bullish trend. 🧐
I'm projecting an ABCD pattern with the first target at the 127.20% Fibonacci (drawn from 2.3184 to 2.0316) and a second one at the 150% level. Possible rebounds at the two horizontal green...
XTZ increased strongly after touching the MA 200. We could consider buying in the 2.3 - 2.4$ zone, the target will be the 3 - 3.2$ zone, even 3.8 - 4$
This analysis will be invalid if price breaks below 2.2$
XTZ is still strong and the sell force is not too harmful to XTZ. The final target for XTZ is about 3.5$ in June
But here we have 2 scenarios :
- Move up from 2.6-2.65$ to 3.5$
- Lose the 2.5-2.6$ support, it will drop quickly to around 2$ then keep moving up to 3.5$
We should try these plans because the risk is very small
![XTZUSDT: Tezos [XTZ/USDT] on July 8 (#XTZ #XTZUSDT)](https://s3.tradingview.com/b/Bc5C1FBp_mid.png "Tezos [XTZ/USDT] on July 8 (#XTZ #XTZUSDT)")
