$XTZ Buy Zone ApproachingIf you've been following my content, you know I've been following this parallel channel on Tezos since early February.
We're approaching the bottom of the trendline again which I'll be taking a larger position.
I've drawn out what I'd roughly imagine the bounce looks like, with a target buy zone between $3.75-$3.85
Playing an A-B-C-D pattern here, with my buy targets set 50% at $3.80, 50% at $3.75.
My stop-loss will be 5%, set at $3.57.
J.Crypto
Tezzies
Updated Tezos Chart - Still optimisticImmediate suppression/protection channel has narrowed. Breakout is imminent, one way or the other.
Added probable trade strategies here based on current conditions, but things may change and also I probably won't open a position unless a breakout is backed with non-spikey volume.
Still watching these things:
* Short-term upward channel
* Visible suppression
* Visible support zone
* Historic/presumed hidden support area
TEZOS CHANNEL AND ENTRY AT WEEKLY SUPPORTI don't have a position in this as was always wary because of it's sketchy launch but i think i'll be patient and try grab an entry on the retrace of this channel into the weekly support around $1.83 area which is also confluent with the 0.618 fib (not shown)
Failing that i think we bounce off the bottom of the channel, monthly support and also long term trendline at $1.47.
Tezos Bullish?Tezos (XTZ) has just been listed on Coinbase Pro and Etoro on the same day. You cant get much more bullish news than that. Chart also looks bullish if it can hold .00011. This is the level it broke out from, and is now retesting. When resistance flips to support that is very bullish. So watch to see if xtz finds support here, if it does, very bullish. Also a potential great entry spot, with a stop at .0001 or just under. Since, if it breaks below .0001 I would not want to be holding as it means the breakout has failed.
TEZOS - XTZ|BTC NAILED IT! ON FIRE COINBASE LISTING ON AUGUST 5!READ the chart for TA.
TEZOS is going to 10x by the end of Next week at a minimum! This is huge boys!
Top 8 very soon if not top 5!
Banks are building on top of TEZOS just got the deal confirmed this week STO. TEZOS is getting wrapped on an Stock market INDEX for institutional investors. Coinbase is offering node custody in addition to custody for mining.
I hope you can load your bags because this bad boy will put EOS and bitcoin to shame on Coin MKT CAP.
Good luck & Happy trading!