Tezo's is an alt I have been watching and if you aren't, I would recommend doing so. While we are getting some solid movement right now. If you are hoping for a pullback, don't be so sure, we could really move up if we break above 1.6, possibly going much, much higher.
Keep an eye out.
In the world of Digital currency, Tezos is a renowned asset, maintaining its top 15th Position in CoinmarketCap, Tezos erupted into the crypto Land by collecting $232 million in their then record-breaking ICO. Tezos is a versatile blockchain that enables the development of smart contracts and decentralized applications.
From the point of view of symbolic...
.618 retrace on the handle which has now double bottomed with Class A Bullish Divergence. Could be in for something big.
Weekly chart also has bullish divergence on the Cup Neckline.
*Not Financial Advice*
Tezos is ready for the next run. It has finished the correction cycle and being popular among traders will have a next strong bull run north as we see the resistance turned support 2 months back.
Buy - 1.2
1st target - 1.42 (19%)
2nd target - 1.82 (60%)
Stop - 1.1
On the daily timeframe, we can see that XTZ went as high as $1.16 at the end of March. However, there was not enough fuel to drive the price up, so it corrected and reached the bottom at $0.82, lower than the crucial line of resistance at $1.
Fortunately, the bulls managed to bring Tezos past SMA200 & SMA50 for several times on the hourly, but they are still...