Tezos
Tezos (XTZ) - June 25Hello?
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We need to make sure we can get support at point 2.5894.
In addition, you should also be able to climb above the 2.7490 point.
If you fall from the 2.5894 point, you must get support at the 2.4614 point.
If you don't get the support, I think you are likely to fall below the downtrend line (3).
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** 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: Resistance point or section, where the counter 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
To Remind You $XTZUSD #XTZ #Tezos
Weekly
Looking at our trend timeframe we can see Tezos remains respecting its uptrend, with no major signs of reversal. Stochastic RSI showing bears and bulls are fighting for control of the momentum. Price action has been consolidating between $2.60 $2.80 for the last 9 weeks. A breakout or breakdown is due, a look at our smaller timeframes will give us a better picture.
Daily
Shifting over to our pattern timeframe we can see Tezos respecting our bullish channel. The price has bounced off our dynamic support at $2.60 and is expected to return to our previous higher high at $3.04. A daily close above the daily resistance at $2.70 is a good sign we continue to the upside. Rejection from this level and expect the price to sell-off to $2.25.
XTZ Showing signs of strengthXTZ Stoch 4HR looks very positive to me, broken out of a double bottom/painting a nice "W", there is a larger triangle structure there also
Also a small adam eve bottom there that has thrownback after failing to break out. if we break the neckline again might find support at the OB there
Tezos Needs A Good Press Release
#XTZUSD is pretty flat at present. Slowly negative momentum is seeping into the longer term time-frames. Tezos needs a good positive push to break the current downtrend so it can re-set for another test of the ATH.
Not very good trading signals but certainly an accumulation phase for true believers.
Tezos Trading IdeaHello Traders,
Tezos seems that is going to test the important support level of 0.000244.
I have alread setted my alarm to when it goes close to this support, will be a great opportunity to buy.
Please push like buttom an follow us.
Push like Buttom and follow us on tradinview.
Beast regard Sandro and Gustavo.
Tezos (XTZ) - June 16Hello?
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.
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It fell below 50 EMA.
If you can't quickly rise above 50 EMA, you're likely to fall below 100 EMA.
One hope is that it is still on the downtrend line (3).
We need to see if we can get support and rise in the 2.4614~2.5894 section.
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** 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 where purchase is possible to generate profits as a support point or section
Tezos On A Tumble
Short-term moving averages help reveal price swings at any time-frame and produce good signal strategies. Here we can see short-term moving averages on XTZUSD with the yellow line whipsawing downwards into the grey line suggesting negative pressure on price.
MACD is pushing down
Candle formation also showing negative
We are now short-term neutral, even short, on Tezos.