If you've been following my content, you know I've been following this parallel channel on Tezos since early February.
We're approaching the bottom of the trendline again which I'll be taking a larger position.
I've drawn out what I'd roughly imagine the bounce looks like, with a target buy zone between $3.75-$3.85
Playing an A-B-C-D pattern here, with my buy...
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~
Immediate suppression/protection channel has narrowed. Breakout is imminent, one way or the other.
Added probable trade strategies here based on current conditions, but things may change and also I probably won't open a position unless a breakout is backed with non-spikey volume.
Still watching these things:
* Short-term upward channel
* Visible suppression
*...
Some stuff I am keeping an eye on here:
* Short-term upward channel
* Visible suppression
* Visible support zone
* Historic/presumed hidden support area
Not trading this until volume spikes or 1st level zones are breached.
I don't have a position in this as was always wary because of it's sketchy launch but i think i'll be patient and try grab an entry on the retrace of this channel into the weekly support around $1.83 area which is also confluent with the 0.618 fib (not shown)
Failing that i think we bounce off the bottom of the channel, monthly support and also long term...
Tezos (XTZ) has just been listed on Coinbase Pro and Etoro on the same day. You cant get much more bullish news than that. Chart also looks bullish if it can hold .00011. This is the level it broke out from, and is now retesting. When resistance flips to support that is very bullish. So watch to see if xtz finds support here, if it does, very bullish. Also a...
READ the chart for TA.
TEZOS is going to 10x by the end of Next week at a minimum! This is huge boys!
Top 8 very soon if not top 5!
Banks are building on top of TEZOS just got the deal confirmed this week STO. TEZOS is getting wrapped on an Stock market INDEX for institutional investors. Coinbase is offering node custody in addition to custody for mining.
I...
