That's why Tezos can FLY!
Everything is going very well here on Tezos! Let’s continue from where we stopped from our last analysis, and if you missed it, the link is below, as usual. But, first, remember to follow me to keep in touch, and support this idea by giving your like!
XTZ is performing higher tops and bottoms, and is trading above the 21 ema, signs of a strong bull trend. This triangle pattern was officially triggered and now it seems it found its first resistance at the red and green lines, as we thought. Let’s see the daily chart to see if we find something interesting:
Yes, the “new resistance zone” is in fact a strong candidate for a pullback, but it’s far from be something we should worry. The triangle in the hourly chart is a pennant in the daily chart, and pennants are usually very strong patterns. Just by curiosity, the last pennant I traded was a public trade, I gave the call here on Tradingview on UKOIL - two trades that gave us 60% profits. The link to this call is below too, if you are interested.
Back to Tezos, yes, it has some resistances on its way, but everything tells us that it’s going to seek the $ 3.32 again. Even the volume, which we were worried, is starting to increase now. Let’s keep our eyes on XTZ! It has an enormous potential ahead!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
XTZ is performing higher tops and bottoms, and is trading above the 21 ema, signs of a strong bull trend. This triangle pattern was officially triggered and now it seems it found its first resistance at the red and green lines, as we thought. Let’s see the daily chart to see if we find something interesting:
Yes, the “new resistance zone” is in fact a strong candidate for a pullback, but it’s far from be something we should worry. The triangle in the hourly chart is a pennant in the daily chart, and pennants are usually very strong patterns. Just by curiosity, the last pennant I traded was a public trade, I gave the call here on Tradingview on UKOIL - two trades that gave us 60% profits. The link to this call is below too, if you are interested.
Back to Tezos, yes, it has some resistances on its way, but everything tells us that it’s going to seek the $ 3.32 again. Even the volume, which we were worried, is starting to increase now. Let’s keep our eyes on XTZ! It has an enormous potential ahead!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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