* Tezos in Daily time frame forms a Cup and Handle pattern.
* Cup and Handle is a bullish continuation pattern occurs during the uptrend. To continue the trend price needs to break the handle ( Falling channel like pattern).
* After a proper retest to the breakout level, we can see the continuation of uptrend in Tezos.
H4
On D1, the price fluctuates in the cloud. The channel of correction is visually clearly visible.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level and down line of the channel on D1.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the...
Tezos (XTZUSD)
Currently XTZ is trading inside a symmetrical triangle pattern !
Recently a bearish MA crossover occured and it indicates that the chance is higher that the breakout will occur below the triangle !
I am already active on this trade; entered on the trend resistance of the triangle.
Stay Tuned !
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