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Tezostether

XTZ/USDT - end of the accumulation phase +55% potential tradeHello, Traders! Tezos has passed the correction phase and finishes the accumulation phase in the range of $1.84-2.22. Typically, an exit from such an accumulation does not end with a small upward movement, so we have a chance to take part in the emerging upward movement! We can consider entry in the deal in the range of $2,22-$2,28. SL under 2.08 $ Fibonacci levels targets : $2.82 $3.14 $3.46 Good luck and leave your feedback in the comments below. P.S. This is not financial advice, just a trade I would be following myself
Long
by UnknownUnicorn10064030
2
Tezos still consolidating! 🥱I've readjusted de bottom line of the symmetric triangle (white lines) in order to cover the latest price movement. The price has tested many times the support line of the symmetric triangle (white lines), so the breakout should be close to happening. The symmetric triangle usually breakout in the direction of the current tendency (the one before entering the triangle), so in our case, that should be bearish. There are also other occasions (less frequent) where the symmetric triangle acts as a reversal pattern. I really believe Tezos is undervalued. It's a great project technically speaking, and it also has good fundamentals nowadays. The squeeze momentum in the daily time frame has been showing a bearish momentum every day weaker. The ADX in the daily is also moving down, but still far (currently at 32.39) from the 23 levels. The other variable is keeping me Bullish is the Bearish Harami in the Market Cap BTC Dominance, in the daily time frame. When Bitcoin is rising and the BTC Dominance is decreasing (hopefully), this is usually a good moment to hold altcoins. I'm already in profit with this trade, I've been buying the bottom (doing cost-average). But this is taking too long in the same area of price, and I don't like that. Especially inside a symmetric triangle coming from a bearish movement. ☝️ That's why I'm placing a stop loss to break-even. Even more, forgive the redundancy, with a bearish divergence (see above) in the MFI (Money Flow Index). If Tezos price finally breakout bearish (with hight volume) I would wait (limit buy) for the price at $1.5648 and $1.4346. Do you have something to share? I would like to read your opinion on this! That's all folks! ⌛️ This isn't trading advice. I've no idea what I'm talking about 😉. Trade with caution! 🚨 Have a good day! 🤟
Long
by UnknownUnicorn12013771
2
Am I still in with Tezos? 😰The price has tested the support line of the symmetric triangle (white lines). I'm still in, doing cost-average. I've just readjusted the possible ABCD pattern, it's only a guide of possible scenarios, the blue lines at BDC. ☝️ The stock market is influencing Bitcoin and the crypto market. In this historical moment (COVID, Stimulus, USA presidential elections, etc) any analysis can be and could be already invalidated, that fast. Tentative Stop-loss at $2.00, which is also a good level for a trap. Be aware! This isn't trading advice. I've no idea what I'm talking about 😉. Trade with caution! 🚨 Have a good day! 🤟
Long
by UnknownUnicorn12013771
Tezos about to start a bullish trend? 🤔After a Double Bottom, a Shoulder Head and Shoulder, higher lows, and the bearish momentum almost gone. Tezos could be recovering and about to start a new bullish trend. 🧐 I'm projecting an ABCD pattern with the first target at the 127.20% Fibonacci (drawn from 2.3184 to 2.0316) and a second one at the 150% level. Possible rebounds at the two horizontal green lines, 61.80%, and 50% Fibonacci. Am I right? ...time will say! I've no idea what I'm talking about 😉. Trade with caution! 🚨 Have a good day! 🤟
Long
by UnknownUnicorn12013771
1