XTZUSD
TEZOS - potential fractal to $7+TEZOS looking like it wants to follow its own run up from Jan - Feb 2020.
I understand no two patterns and moves are exactly the same but this could provide some good direction as support and resistance match up pretty well.
Something to keep an eye on the rest of July and going into August.
Thoughts/comments?
TG
Tezos Is Back On The LaunchpadThe weekly chart reveals XTZUSD is primed to re-test its ATH.
Last week's candle closed strong and this weeks candle is already up above the past few months of consolidation candles.
With ATH just 15% above the current price, this week may see us get there, for a potential breakout next week.
RSI is not over stretched. MACD is turning up.
Time to XTZAfter the correction, XTZ is going to forming new up trend. The nice hold on tow supports and formed the bullish divergence between price & RSI (daily TF), says that time to long. Entry & target points suggested on the chart.
XTZUSD - Another good pump candidate?Could be another good pump candidate. Bounced off weekly resistance and trending upwards atm.
Keep in mind that this is high-cap alt (i.e harder to pump) and retrace is still possible, but R:R is 2:1 atm.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Tezos: Long Term Ascending TriangleOver 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.
Tezos Trouble2 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 momentum.
Although 1-day MACD is pushing up, 2-day and 3-day time-frames show downwards pressure.
So Team Sparkster are currently neutral on Tezos.
Classic continuation? We'll see.Classic EW pattern? I'll be looking forward for wave 3 this time ;).
Elliot count on XTZ Hello, traders.
If we count Elliot waves in XTZ we are going to see very clear patterns of its impulsive waves and corrective waves, we believe that the XTZ corrective wave has now ended with the support test at an important support level and we may be heading towards starting another bullish movement for this asset with the waves 1 2 3 4 5.
I know the chart is polluted, but we can see clear patterns in the Elliot count, so push the like button and follow us on tradingview.
Unhealthy price action XTZIt can be seen that XTZ is extended way beyond the Gaussian channel on the monthly chart
Meanwhile REP can be seen to be sitting directly in the middle of the channel, which I consider healthy.
This is the monthly chart, momentum may carry XTZ. But I wouldn't be going long.
XTZ USD TEZOS Bullish Divergence on the daily, support at 200MAPretty simple setup here for a possible long. Tezos sitting right at its 200 day MA and clear bullish divergence. Also a nice double bottom has formed signaling the downtrend and consolidation period may be winding down, with upward moves to come. First target $2.43 followed by $2.60.
Tezos (XTZ) - July 4Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
You should see if you can get support on the downtrend line (2).
If it rises, I think it is possible to make a U-turn with support after rising above 2.4614.
If you fall on the downtrend line (2), you are likely to touch below 2.18.
If you get support in the 2.0706~2.18 section, there is a possibility of sideways.
If sideways is possible, I think there is a possibility to shift to an upward trend.
-------------------------------------------------- ----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
