1. EMA crossing above SMA = Bullish
2. Currently sitting above the 12-period EMA, retesting this 12-period EMA as support which the price can bounce off of.
3. This price has currently bounced off the golden pocket 61.8% fib level as support
4. MACD and RSI had a bullish divergence last week.
I see a strong push off of 2.20 with momentum to retest 3.30 range. Expect a tap, small pull back, then break up. I see some support forming at 2.50, but don’t see enough to live above 3.30. Hold or take some profit on the break.
Over the course of the Tezos life span, It has been forming a massive Ascending triangle. A series of higher lows has developed starting from the genesis candle.
I would pay close attention to this formation. If XTZ is able to break upwards resistance, it may search for Higher Highs.
Of course, this is a probabilistic set-up. DYOR.
Hello my friends! Yes, it’s time for an XTZ analysis! Finally, it is doing something interesting worth of talking about, because it was starting to get boring. As a trader, I keep distance when an asset does some weird movement, and I only feel attracted when it does something good again. Let’s see what we have here.
Well, Tezos lost its strength for a few days –...
It's been a long time since we last looked at the major altcoins index. You know very well that we have some new entrants there, however, you know the volatility of the cryptocurrency market, so I will keep XBT and EOS in and CRO and ADA out for the time being, mainly given the fact the total difference is approximately $2 billion. So, for now, the index...
Tezos has seen a significant increase in volume after the news that Kraken was going to allow full staking services. Now, Coinbase, Kraken, & Binance have announced full staking services for Tezos. With a 7% annual ROI for staking, Tezos is being positioned to be a high-interest savings account for its holders/stakers.
As I have noted in the past, I see this...
2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later.
As of today, momentum is still negative although price may establish support at this level.
XTZUSD will need to climb 9% to get back above the downward trendline to show positive...
Have we not been calling for big moves in Link and Tezos? my two largest holdings by far. Tezos has been building a perfect support and is currently testing its legs and buyer demand. Volume has been incredible in some areas and there have been huge buys on Binance specifically when looking at the Bitcoin pairing. We have a fresh set of oscillators on the major...
The Line that NO one is talking about. The bears are out running their traps on how Tezos is trash blah blah. When in fact we are building a support on top of this three year old resistance line that goes back to our 12 dollar IOU all time high. Tezos is a beast still even if it is taking a nap and shaking out weak minds.
Hello traders and hodlers! Well, XTZ is doing some bearish movements here, let’s see what’s going on. First, if you are new around here, I invite you to follow me to keep in touch with my analyses. Also, for more deeper content about my trading methodology check my social media / website for more details – links below.
Ok, we see a clear Head & Shoulders ...