XTZ is showing signs of an early H&S formation, however it is currently within a strong uptrend. Continuation of this uptrend is more likely due to its strength however the h&s is always a possibility.
Warning, Parabolic move up. Approaching key trend-line resistance at 4700 sats area.
ENTRY 1 $3.00 & Entry 2 $2.50 SL $1.70 TP.1 $5.50 & TP.2 $7.50 & TP.3 $10.00 Apart from Bitcoin, there is another cryptocurrency that will continue to make a new ATH, Tezos (XTZ). As we reported, XTZ has already made a new high and worked its way into the top 10 cryptocurrencies. Currently, XTZ is trading at $3.23, with 147% gains on a year-to-date basis, all...
At a strong resistance level, history has shown a pullback to have occurred when price has reached this price every time. If history repeats itself a return to the strong trendline is likely, extended gaussian channel supports this.
Expect more short term selling pressure as significant buyers remain on the sidelines until price capitulates one final time. The current chart is not appealing at the moment for traders with size - easily shown by the declining trading volume since 2019's high. Watch volume closely. Also, watch the Tezos price trend cycle throughout the day. When daily trading...
Some perfect EMA touches, currently sitting at the top of the regression uptrend , 0.80.
Sitting on regression support, 0.79 regression uptrend. Phat Regression trend. Potential upsides.
I have been wrestling with what to do with XTZ and whether or not a re-entry is warranted at these levels. My initial thinking was that we would go down to $1.20 or $1. and I wanted to wait to see what XTZ would do once it hit those levels. We did indeed test the $1.2 area. Very quickly. Every time Tezos has looked to violently move down, even in the face of...
XTZ/BTC XTZ is on a strong or deep pullback and already testing the golden Fib 0.618 level. The RSI hasn't hit the oversold condition yet and we are still seeing increased in sell volume indicating that there could still be another leg down before a strong move to the upside. If XTZ can close the price above 1700 then there is potential that this trend is ready...
Pattern: Channel Down on 4H. Signal: Bullish as the price is approaching the former Higher Low line and the 1D MA200, both of which can provide Support. Target: 2.2000.
On Nov 1st I published the idea of Tezos / US Dollar and it produced more than 121% and below was the idea: Now the price action of World's 10th ranked largest cryptocurrency out of more than 2300 cryptocurrencies Tezos (XTZ) has formed bullish Cypher pattern and entered in potential reversal zone and ready to take bullish reversal soon at any time. This...
Priceline of XTZ / US Dollar cryptocurrency has formed a perfect bullish Gartley and entered in potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.9388 to 0.6661 Sell between: 1.1527 to 1.6674 Regards, Atif Akbar (moon333)
Priceline of Tezos / Tether US cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 1.2072 to 1.1468 Sell between: 1.2544 to...
Priceline of Tezos / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 1.4736 to 1.4520 Sell between: 1.5257 to 1.6032 Regards, Atif Akbar (moon333)
I know I said I'd tried to update with a publication each day; I'll have to politely ask you to hold me to that promise until after the holiday breaks -- $BTCUSD failed to break the ceiling resistance in previous publication however the indicators & hashrates do not lie HENCE the retracement we've just seen back to 7180 R1S2 & Demarke is still in effect; just...
Clear pattern of horn tops leading to a bearish reversal. A third bearish wave may follow.