Potential reversal or buying zone: $2.45 to $2.34 (it should be used as stop loss as well) Fibonacci projection or sell zone: $2.72 to $3.12 Regards, Atif Akbar (moon333)
XTZUSD is testing a local high as seen on the 4-hour chart. Climbing above will continue price appreciation up to our recent 15% target of £3.55 which we see as likely for next week.
Hi All, Tezos is beginning to show some signs of strength. Recently it has broken a key level and if it can hold, this pattern will likely play part of a much larger movement. This will be new territory for all time highs, just like Link and hence it will be difficult to forecast beyond here. If I was to guess, $4.25 is the target for this Elliot impulse to...
At a quick glace at this chart I am reminded of the same structure of other assets like S&P 500, and Bitcoin. (Why did'nt I buy Tesla) I hope these charts help Sorry to spam the community with so many charts tonight.
It can be seen that XTZ is extended way beyond the Gaussian channel on the monthly chart Meanwhile REP can be seen to be sitting directly in the middle of the channel, which I consider healthy. This is the monthly chart, momentum may carry XTZ. But I wouldn't be going long.
Although the shorter time-frames all the way up to the 2-day chart (as shown here) are bullish... the weekly chart and current resistance levels suggest a possible drop. Until price breaks resistance we are neutral on XTZUSD.
H4 The price is trading below the Ichimoku cloud but above the trend line. RSI is in an undefined state. Conclusion: We recommend you to pay attention to the timeframe H1. H1 The price fluctuates around the Ichimoku cloud. Visually, you can see a graphical model of the "triangle". Formed convergence between price and RSI. Conclusion: We recommend buying when the...
Tezos (XTZUSD) Currently XTZ is trading inside a symmetrical triangle pattern ! Recently a bearish MA crossover occured and it indicates that the chance is higher that the breakout will occur below the triangle ! I am already active on this trade; entered on the trend resistance of the triangle. Stay Tuned ! 👍
As long as we are under the key level. Everything looks more like shorts. 2.40 acts as local support, break-down and fixation will be a signal for sales. The exit above 2.60 will be a signal to buy. At 4h we are under the key level. The EMAs are directed down. Next level is 1.82$. Push ❤️ if you think this is a useful idea! Before to trade my ideas make your...
- narrowing the price inside the triangle, blue dotted line is an alternative resistance; - key level 2.89$ - the indicators point upwards. Who's not in position: Enter after the breakout/resistance retest (dashed or solid). Stop-loss at $2.58. Profits are marked by green zones on the chart. If you have your own opinion or thoughts about current market...
Tezos made a fantastic spike We still expect that the rise has not ended and will continue to rise to respectable prices, as shown in the drawing A good buy is on the trend line If the trend line is broken, this idea will be canceled Please support this idea by pressing the like button Take Care
Possible rejection at 2.618 fib line looking for a retracement to form the H&S head Looks good for short another H&S pattern for XTZ
It is possible to form a head and shoulder pattern.
I have drawn some historical resistance and support lines. It seems that XTZ was slowly pacing up since the Corona dump. Especially lately as we can see that strong uptrend channel. Nevertheless, we came to the key point now, XTC is facing strong resistance and a confirmed uptrend line. Will it break? Hope so :D
Best target is 0.23 FIB retracement if breakdown occurs. I've put in Pink SPX price which is going very similar those days.