TezosLong
XTZUSD Tezos 1H Mostly Sideways Action
Good Afternoon Traders,
What a great time for BTC, DOT, BNB and others. Many eyes are on those coins right now with less focus on Tezos. With the recent run up of BTC, Tezos hardly reacted. My previous idea was looking like a good setup for Tezos to break out, however the bears heavily weighed in above $5.1 and the buyers didn't seem like they were too interested. Tezos is definitely trending upwards, but not at the velocity that most crypto traders are looking for.
I think there are 2 Major Resistance points and 2 Major Supports. I'm watching these over the next few days to see if there is a significant downtrend or uptrend, however it is likely that the price will stay between the minor support and resistance lines.
Thanks and have a great day!
What a great time for BTC, DOT, BNB and others. Many eyes are on those coins right now with less focus on Tezos. With the recent run up of BTC, Tezos hardly reacted. My previous idea was looking like a good setup for Tezos to break out, however the bears heavily weighed in above $5.1 and the buyers didn't seem like they were too interested. Tezos is definitely trending upwards, but not at the velocity that most crypto traders are looking for.
I think there are 2 Major Resistance points and 2 Major Supports. I'm watching these over the next few days to see if there is a significant downtrend or uptrend, however it is likely that the price will stay between the minor support and resistance lines.
Thanks and have a great day!
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.