Tezos is currently just below resistance (~1.60) - it's a make or break line.
If it breaks out, it will retest ath and probably break it. Else it might go back to 1.40 or even 1.20 (triple bottom).
The safest bet is to long the breakout which I think will happen soonish.
What I recommend for next months ? Totally this two coins: XTZ and UVU . XTZ - because Great features and chart looking.
UVU - because vision and promised market condition .
On chart I see perfect cup and handle its going almost 1:1 like in the book !
Please read about my recommendation in new crypto market #UVU
BUY:...
Looking at an inverse head and shoulder (in yellow), if it holds above the 1.61 price range we could be looking to launch. Possibly finished a first wave in elliot theory although I am new to that technique. I drew fib lines to the right, as we have nicely touched the .618 for support and back up to test resistance. Please share your thoughts or ways I can improve...
Price action headed back to the rimline. Needs to close a few consecutive 4hr candles above that line and have a surge in bullish volume to confirm the breakout. Fakeout still possible at the moment but wise to keep a close eye on this one.
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...
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...
Hello fellow traders,
XTZ has finished its ABC running flat correction after being accumulated in two fib zones for the past 2 weeks. I think we are just starting a wave three so my minimum target is at least $2.50, if we have good volume my targets will be fibs above that.
Good luck with your trades! :)
organic and well positioned product validated through early birthpains in 2017 and
just like that came out of nowhere as deemed to be a game changer among the rest
could be the GOOGLE FB in the iT industry obliterating the rest of players
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a $500bn cap should be at par with DOWs FANG super stocks
TEZOS: $720 a moment to look forward
Just a quick follow up to my last post linked below. We've broken the $1.40 level. Looking for a brief pullback to complete the S/R flip and then continue onward. RSI looking solid and near the level where previous runs took off from. No major resistance again from here til the ATH ($1.80-1.85) level. If we can close above that on the daily and push higher we'...
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.
Touch and bounce its possibility scenario! What do You think?
Please check also this order book and take some for good profits in near future.
www.hotbit.io
Be visioner and look forward just upfront the another players.
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