✳️ Tezos Candlestick Pattern Confirms Bottom (500% Or More)
Join me, let's start with candlestick reading.
Tezos (XTZBTC) Weekly Chart
We have two candles to look at in this chart.
1) Following a strong drop, high bear volume, we get a Hammer (26-June). It produces a lower low compared to early June but the volume is lower and the candlestick closes green. All this combined can be read as a reversal signal.
2) This week we have a full green candle with the highest volume since February and trading above the four previous candles high/close. This candle confirms the reversal signal we got from the hammer.
That's it.
You can also see a young bullish cross on the MACD, with bullish divergence on the histogram turned green:
And the RSI hitting a new All-Time Low.
I don't know if Tezos will increase in price but the chart is saying up.
The potential can vary... Medium-term 300%, long-term much more.
Additional details on the chart.
Namaste.
Tezos (XTZBTC) Weekly Chart
We have two candles to look at in this chart.
1) Following a strong drop, high bear volume, we get a Hammer (26-June). It produces a lower low compared to early June but the volume is lower and the candlestick closes green. All this combined can be read as a reversal signal.
2) This week we have a full green candle with the highest volume since February and trading above the four previous candles high/close. This candle confirms the reversal signal we got from the hammer.
That's it.
You can also see a young bullish cross on the MACD, with bullish divergence on the histogram turned green:
And the RSI hitting a new All-Time Low.
I don't know if Tezos will increase in price but the chart is saying up.
The potential can vary... Medium-term 300%, long-term much more.
Additional details on the chart.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.