AryaxS

AryaxS

Bullish divergence, Wedge breakout, Morning Star, MACD crossover. What more do you want.

AryaxS

If you followed my last month's call then you are welcome! It's been a month and unfortunately XTZ isn't strong enough and got rejected by the center line of the pitch fork. These past days' PA has me scratching my head as the pattern isn't very clear, that is, until I clicked the 3D chart. Basically, I am looking forward to XTZ repeating May-August fractal and...

AryaxS Updated 

This is probably the biggest wedge I have ever seen in crypto, anyway today XTZ finally broke out the death spiral of a falling wedge.

AryaxS Updated 

Hi Traders/Investors, happy post election! I know the result isn't in yet and market isn't exactly stabilized for alts. For crypto I am pretty much only focused on Tezos, both in FA and TA, and I'd like to call for your attention at this time. Yes this is another long call. Now you may ask, But there is so much weakness! Volume also isn't in yet! Very true, but I...

AryaxS Updated 

Bullish divergence observed on the daily, still need confirmation candle. I am not expecting a trend change, but more of a relief rally to back test the consolidation and we will get a confirmation whether or not that's become a resistance.

AryaxS Updated 

It is now clear that the long term ranging pattern was not accumulation but rather a distribution. Using Bitfinex chart because it has long price history to identify support and resistance. XTZ/BTC is now coming to the first support zone looking to bounce from here. If bulls cannot defend this zone the price may fall another 30% from volume profile perspective,...

AryaxS Updated 

So in the morning I published the idea Today we see the evidence that bearish case is likely to play out if bulls don't react to immediately return back to the upper pitchfork range. There is a head and shoulders pattern forming (shown on the second chart) which doesn't look good for bulls. Now as a complement, we have to examine the down side and prepare for the...

AryaxS Updated 

Tezos has been consolidating at a low price level for a prolonged period of time, I've seen many traders flip the thesis from long to short to downside of $1.8 level. I think those opinions are valid and I do believe it's a possibility because, this is crypto and Tezos doesn't have its own mind yet. It very much is under the influence of Defi craze and BTC...

AryaxS

Maybe? Recently the market isn't that predictable but I honestly don't see why Tezos needs to go lower since majority of the alts pull back 50% due to massive run-up but Tezos has been quite modest after the March crash. Fundamentally there are a lot of good news such as being chosen as 1 of the 6 chains in China's BSN infrastructure, Bank of France CBDC...

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Inspired by the idea I can see how this ranging could be a variation of the double three complex correction fbs.com with an ending of expanding triangle ewminteractive.com

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Long to the nearest resistance which is also around 200 EMA for 12h (100 EMA on daily) Right now the price is right on the cusp of break out point of this descending channel. Conservative trader can enter after confirming the break out, aggressive ones get in now.

AryaxS Updated 

Head and Shoulders formed, ascending channel broken. 10500 is the 1.618 extension target of the head and shoulders and a key level where bulls have defended vigorously. This conforms the 3D evening star formation on BTC/USD pair from previous days.

AryaxS

Just survived descending broadening wedge, got out and bulls fought bears hard. Now bulls have won, simple as that!

AryaxS

XTZ is one of the coins that require advanced TA...gotta say it's never straightforward but fascinating. The recent pull down may look like a crash but upon close look it's found perfect support of at the pivotal point of confluence around 0.000297btc. This level, I believe, defines bear/bull trend. The reason is 1) 6 hour TD sequential 9 on Jul 26th provided...

AryaxS Updated 

Need 12 hour to close above the resistance (>0.0003375) to maintain uptrend potential otherwise we may be in to visit 0.5 fib retracement

AryaxS Updated 

Dust temporarily settled on this pair, while I was surprised by the weakness by breaking down the ascending channel to retest the newly flipped Feb high resistance line, I kind of see the setup now. This Gartley is a very powerful pattern to the upside and I expect to see the price return to the high range of this consolidation, keep staking Tez warriors!

AryaxS Updated 

After recent break out, we have been witnessing some turbulent consolidation. The battle between bear and bull is strong, but I see early signs of bull having upper hand. This TA isn't complicated and should be quite self-explanatory. First target would be upper trend line of ascending channel whenever it gets touched, but personally I won't even sell at that...

AryaxS Updated 

Schematic 1 of Wyckoff Accumulation Pattern. Still some consolidation to do around the resistance line but breakout soon.