XTZ - NOTHING can stop the BULLS!
Ok, so Tezos continues strongly bullish, and it seems nothing can to stop the bulls. But first, if you are new here, I invite you to follow me, this way you’ll be updated about our trades and analyses. Also, if you missed my last XTZ analysis, the link to it is below.
There’s no bear sign here, it’s complete bull domination. But trading is a continuous fight, and that means we must always keep our eyes open. XTZ is getting closer to the 61.8% fib retracement, which is the same price zone that recently dropped XTZ back to the blue trendline and the red line. Notice how the bulls struggled around the fib retracement, until the BTC halving’s mini crash sink the price. So, this is the first challenge XTZ has right now. The second will be the “resistance zone”, but we will talk about it later.
Now the hourly chart:
The price is trading above the black line, which I find a quite important line, and today XTZ did a pivot. Now it seems it will have the strength to test the fib retracement again! Let’s see if XTZ will manage to maintain the price at that level.
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. *
There’s no bear sign here, it’s complete bull domination. But trading is a continuous fight, and that means we must always keep our eyes open. XTZ is getting closer to the 61.8% fib retracement, which is the same price zone that recently dropped XTZ back to the blue trendline and the red line. Notice how the bulls struggled around the fib retracement, until the BTC halving’s mini crash sink the price. So, this is the first challenge XTZ has right now. The second will be the “resistance zone”, but we will talk about it later.
Now the hourly chart:
The price is trading above the black line, which I find a quite important line, and today XTZ did a pivot. Now it seems it will have the strength to test the fib retracement again! Let’s see if XTZ will manage to maintain the price at that level.
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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