1) We can see a forming H&S, which is not perfect and not confirmed yet. The first shoulder does not look well, but the forming second looks more nice. What is interesting is the price target after this H&S could fall perfectly to a good support line. There is also some support/resistance zone to cross before reaching this point. 2) Why do I use XTZ Market Cap...
Pink Trendline Resistance Fibo 0.3 resistance Stochastic is oversold. Be very carefull if you are bullish on this one.
XTZ/BTC -old resistance turned new support -100D MA dynamic support -upward trendline support is successful -the downward trendline is the initial sell area -stoploss below 100D MA
Please have a look on indicators divergences and the approaching big resistance.
This last little black triangle fits perfectly with the descending yellow line. There is a nice short opportunity to 1€ if a breakdown is confirmed.
XTZ/BTC XTZ broke horizontal support at 2900 sats and now facing to resting the upward trend-line support which is located in the 0.618 fib levels. Most traders are looking for a bounce play once the price reaches that zone of support. But today, Technical Analysis is becoming too risky if the world market is in fear regarding the virus affecting all sectors....
In a case of breakout, the price could go touch the major descending resistance. In a case of breakdown that could be a disaster that could go down to 0.5€. We have almost 0.95€ of potential moving which is very huge...
Hello, We are clearly on a descending chanel. After a bull race, Tezos is going down to a strong bottom, as bitcoin did after Dec 2017. Breaks on the channel can happen so don't forget the limits as Tezos is very volatile.
At a strong resistance level, history has shown a pullback to have occurred when price has reached this price every time. If history repeats itself a return to the strong trendline is likely, extended gaussian channel supports this.
XTZ has been on three major bull runs, each lower than the previous. This leads me to believe that price will decline in a manner that has been seen in the previous two bull runs. Fractal in red.
KRAKEN:XTZEUR Tezos is heading into the zone where it will most likekely form his monthly Higher Low; leading to monthly consolidation. On the medium/short term, the presence of a falling wedge (pink on the graph), suggest a bullish reversal in the zone between key support of 0.9000 and 0.7770, thus forming a monthly Higher Low. Target for the next...
I saw a strong buy from 1.05->1.15 and have a confirmation from 1.20 for un target 1.83. I talk here only for big deal (no go and back during the process) Next big deal is buy for 1.56 with strong SL if my SL is activate next strong buy is 1.355->1.365