XTZ USD TEZOS Bullish Divergence on the daily, support at 200MAPretty simple setup here for a possible long. Tezos sitting right at its 200 day MA and clear bullish divergence. Also a nice double bottom has formed signaling the downtrend and consolidation period may be winding down, with upward moves to come. First target $2.43 followed by $2.60.
Tezos
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Tezos (XTZ) - July 4Hello?
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You should see if you can get support on the downtrend line (2).
If it rises, I think it is possible to make a U-turn with support after rising above 2.4614.
If you fall on the downtrend line (2), you are likely to touch below 2.18.
If you get support in the 2.0706~2.18 section, there is a possibility of sideways.
If sideways is possible, I think there is a possibility to shift to an upward trend.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Tezos Had A Bad JuneA long-term favorite at the SparksterSignals office, XTZUSD none the less lost some ground in June. Until it breaks the current downtrend resistance, Tezos is not 'ready to moon'.
Volume has also dropped the past few months. So we're looking for price consolidation before continuation on Tezos this month.
Tezos (XTZ) - June 25Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to make sure we can get support at point 2.5894.
In addition, you should also be able to climb above the 2.7490 point.
If you fall from the 2.5894 point, you must get support at the 2.4614 point.
If you don't get the support, I think you are likely to fall below the downtrend line (3).
-------------------------------------------------- ---------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where the counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
To Remind You $XTZUSD #XTZ #Tezos
Weekly
Looking at our trend timeframe we can see Tezos remains respecting its uptrend, with no major signs of reversal. Stochastic RSI showing bears and bulls are fighting for control of the momentum. Price action has been consolidating between $2.60 $2.80 for the last 9 weeks. A breakout or breakdown is due, a look at our smaller timeframes will give us a better picture.
Daily
Shifting over to our pattern timeframe we can see Tezos respecting our bullish channel. The price has bounced off our dynamic support at $2.60 and is expected to return to our previous higher high at $3.04. A daily close above the daily resistance at $2.70 is a good sign we continue to the upside. Rejection from this level and expect the price to sell-off to $2.25.