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Tesoz

XTZ/USDT WHAT NEXT? 👀 Tesoz today analysis💎 Paradisers, turn your attention to XTZUSDT! We've observed it poised for a remarkable move, having recently retested the descending trendline and now setting the stage for potential outcomes. 💎 A brief retrospective reveals that Tezos has been adhering to a descending trendline, facing rejection thrice. Interestingly, it managed to break above this trendline only to face another rejection from the upper daily resistance. 💎 Currently, as it retests the trendline, there's a strong likelihood that, after a minor pullback, it might experience a decline. 💎 However, there's a silver lining. Should the price surpass the 0.700 mark, we're hopeful that XTZ will embark on a bullish journey, potentially reaching the Extreme and Bearish OB and supply zones. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
by MyCryptoParadise_Simon
1
Tezos to breakout again ?#XTZ Tezos is forming a saucer bottom . Which is a classic reversal/bottoming forming similar to a cup and handle formation The neckline is around $8 and could take us to $20 on the measured move break out over the coming weeks/months ahead . Be patient, this is a multi month pattern so don't expect to get there in one green daily candle and don't expect it to become invalidated with one red candle on the day . There is also hidden bullish divergence on both the rsi and macd indicating a continuation to upside on the short term steepening trend !!! like if you guys want more setups like this !!!!
Long
by Olutobi-Ogunsemore
Tezos (XTZ) Be Ware!!! It Can Be A Bull TrapHi, friends hope you are well and welcome to the new update on Tezos coin. The price action of Tezos coin is moving in a wedge pattern. After hitting the resistance of the wedge on 16th of July so far the move of the price action up to the support is still due. After placing the volume profile on the complete price action moving within this wedge pattern. It can be easily observed that the trader’s interest is high even below the support and if we watch the interest of the traders from the upside then we have the trader’s interest below the resistance that is another bearish signal. Therefore the price action can be moved more down at least up to the support of this pattern. The simple moving averages are forming bear crosses: If we watch the different simple moving average it with the time period of 25, 50, 100 and 200 then recently the price action has broken down the 25 simple moving average. We have also received a bear cross between 50 and 100 SMAs. If 50 simple moving averages will move more down to form a death cross with 200 SMA then it will be another bearish signal that will trigger more strong rally to the downside. At this time the price action is trying to break out the 25 SMA again. Formation of BAT pattern: In the meanwhile the price action is likely to complete the final leg of bullish BAT pattern. After initial leg the A to B leg is retraced between 0.382 to 0.50 Fibonacci retracement level. Then C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg. Now we have received two confirmation for the bullish BAT. And as per Fibonacci sequence of this pattern the final leg should be etraced between 0.786 to 0.886 retracement level. That start from $2.45 and ends up to 2.34 dollars. After a sequence of bearish candles some bullish candlesticks are appeared. Therefore, it can be a bull trap because if the price action will complete the BAT pattern then it can move more down and from the potential reversal zone it can start the next rally to the upside. However, if the price action will not complete the final leg then the pattern will be invalidated and the price action may form an up channel.
COINBASE:XTZUSD
by moon333
TezosI will see it in the short term. -XTZBTC- It is breaking through again at 0.0001838. Check if you can cross the short-term downtrend line. If we can settle at 0.0001838, we expect to break above 0.00027920. -XTZUSDT- It is approaching the short-term uptrend line. You should check if you can break the trendline and gain support. If the upward trendline approaches resistance, it will fall to try again. You shouldn't trade because you think it will fall to 1.206279. If you support and then rise and fall again, you will break below the point you supported.
by readCrypto