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...
A few weeks ago I posted an ascending triangle chart of XTZ/USD when btc was around $7,700. I was of the opinion that bitcoin could head lower, dragging down tezos pair with usd. Things have changed and I am now bullish bitcoin, expect it to re-test ath's in 2020, and believe Tezos will be a huge beneficiary of any upcoming bitcoin gains. February 9 - 15...
Some perfect EMA touches, currently sitting at the top of the regression uptrend , 0.80.
II already got 1,4% GAIN at shorting 3 waves. If it go up to the green zone it will be a nice change for short. If brake 3 wave is all so good change to go long for 1-2%
Sitting on regression support, 0.79 regression uptrend. Phat Regression trend. Potential upsides.
XTZ has been on three major bull runs, each lower than the previous. This leads me to believe that price will decline in a manner that has been seen in the previous two bull runs. Fractal in red.
If BTC gets a correction short term XTZ will likely form a nice Inverse H&S pattern. A invalidation of this pattern would be breaking above the neckline without a significant retracement(subjective so be careful) or breaking the low of our 'head.' Not financial advice
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...
Macro chart for XTZ looks like it will range until a breakout to the upside come end of march or early April.
As bullish as I am for Tezos in the next 6 months, it appears we are settign up for a pullback here. Tezo's is currently bouncing off the all time highs that were made previously and is coming off those pretty hard. If we continue to "round out" this top area, we could geta substantial pullback. Tezo's keep buying up any pullbacks, but this time around the price...
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...
It is expected that it falls to the one of the points that marked in the chart. Then it will start to rise up.
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)
XTZ/USD (Tezos) Forming Falling Wedge Pattern in 4hr Chart. Volume is Continuously Decreasing Since 13th December TOP..(1.84) Major Indicators Are Also Turning Bullish in Shorter TFs. Now For Breakout, It Needs Some Strong Buying Volume & If Failed to Break the Wedge Then it Might Test 1.4 .. In Bigger TF, You Can See My Another Update..!! Please...