I believe Alt season is still upon us until we see a turn below a very strong support level. Despite the lack of news and glamour for Tezos, it still has legs. Tezos appears to be one of the few alts this season that has not yet really had a breakout to 3x and higher going back as far as October and November. Since that time, ADA, LTC, ETH, BCH, DOT, UNI, XDG, and...
$XTZ TEZOS ON A DAILY CHART
5.10.21 1058H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES AND FIBS (NO INDICATORS)
Run your Fibs to verify
price action corrections and extension
levels. The Range boxes by themselves are
used as confluence to The Dynamics...
Assuming a stable broader market, Tezos is poised to continue its surge. While the USD chart is at all time highs, the xtz/btc chart is at a crucial resistance level. Expecting some churn over the coming weeks before exploding.
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I think we are at that moment when XTZ makes a comeback. As soon as he managed to overcome the last resistance, from my point of view this climb is inevitable.But a possible return to 7.0 or 6.80 must also be taken into account !! Good Luck!!
XTZ is in a downward trend from an ATH for which i'm long, and want to dip and rip to accumulate more coins without adding additional capital.
RSI 50 is a very strong support. If it bounces off the 50 again I would expect it to test a new ATH and would hold.
If it breaks the 50 I would look to sell, then pick it up again when all indicators cross and the rsi is over 30.
A very nice bullish setup has been spotted on XTZUSD pair.
This pair has been trading in upward wedge and has recently brokeout of its wedge.
Now its Retesting the wedge. The possibility of going higher for a 15 dollar target is higher but
at the same time on the weekly chart, we have spotted bearish divergence as well which can bring the prices...
XTZ is nearing the end of a reaccumulation zone and is prepping for a second leg up. Will BTC spoil the fun? I hope not!
I get asked a lot of questions about stop-losses and when to get in and out of these trades, and if I can do analysis on different coins and tokens. As much as I'd love to help, there's just not enough time in the day to accommodate everyone's...
It has underperformed and ranged for years similar to BTC 2014-2016 or TSLA 2014-2020. It's currently set to breakout of a long term range it's been in for years and could go parabolic and finally regain some market cap it deserves. It's a solid Cryptocurrency with unique traits and fundamentals in the way it is mined and is decentralized like BTC and ETH. It's...