Tesoz has been failing for some time now, I've drawn out the possible support lines for future trends, all in all, it's not looking great if you were in my position having purchased XTZ a couple of weeks ago, but at least I can see some recovery points.
These are my observations as a noob: I haven't yet looked at Tezos until now, it seems like the fib time zone seems to play a part and the downward wedge also seems (IMO) to suggest an upturn. Let's see how it plays out
A nice and easy short action on this correction of this parabolic ascending channel.
Bitcoin done exactly the same yesterday evening.
Sell the next top of the channel and close your position at the goal. Simple.
There is now 3 targets to close short poistions.
1 is safe and right now.
2 has good luck to happen when we look at the volume divergence right now on this mini ascending channel.
3 is the main support, the best point to close. (the second point of a double bottom in weekly chart).
Then we switch to long position, with a safety stop loss, because the weekly...
XTZ has dropped tremendously in the last week and has broken an important point of 2.62. How ever has XTZ found an unsupport at 2.16 and will, according to my analysis, rise back to 2.62.
This analysis is in the short term once my prediction is correct, will I place a new prediction
Let me know what you think
Tezos remains in his uptrend since early 2019. It is one of the strongest altcoins since long time climbing up the ladder in market cap rankings. So it's good to focus on that coin.
Its likely to retest its all time high during this next leg.
Bonsoir à tous,
j'espère que vous avez passé une bonne journée !
Aujourd'hui, un coin que j'apprécie particulièrement, le Tezos, a enregistré une belle progression depuis 2 jours et arrive sur une nouvelle zone de résistance.
Que savoir sur le Tezos et où en est-il ?
Tezos , top 10 Marketcap , projet innovant conçu sur une blockchain propre en...
There are a few reasons why I publish this short idea for XTZ.
1) Approaching resistance @ 1.60
2) Broken triangle and looking for a retest at resistance @ 1.60 would line up perfectly
3) Hidden Bearish Divergence on the 4H chart
Entry: 1.60, at resistance
SL: 1.81, just above previous high
TP: 0.93, just above previous low
Feel free to share your...