XTZUSD
$3.10 must be brokenTezos finds itself at a most critical juncture. $3.10 is possibly a more challenging resistance level for Tezos than $2.00 was earlier this year. The fact that xtz has not pumped above $3.10 yet during the recovery gives me hope that many of the would-be sellers on the ride up are exiting here. Thus, if we can get past this level many of the sellers will have left, clearing the way for buyers to take over the market.
The longer the battle for $3.10, the greater the odds that $3.10 shifts to firm support. Sustain a break above $3.10 and this is where things should become fun.
TEZOS - potential fractal to $7+TEZOS looking like it wants to follow its own run up from Jan - Feb 2020.
I understand no two patterns and moves are exactly the same but this could provide some good direction as support and resistance match up pretty well.
Something to keep an eye on the rest of July and going into August.
Thoughts/comments?
TG
Tezos Is Back On The LaunchpadThe weekly chart reveals XTZUSD is primed to re-test its ATH.
Last week's candle closed strong and this weeks candle is already up above the past few months of consolidation candles.
With ATH just 15% above the current price, this week may see us get there, for a potential breakout next week.
RSI is not over stretched. MACD is turning up.
XTZUSD - Another good pump candidate?Could be another good pump candidate. Bounced off weekly resistance and trending upwards atm.
Keep in mind that this is high-cap alt (i.e harder to pump) and retrace is still possible, but R:R is 2:1 atm.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Tezos: Long Term Ascending TriangleOver the course of the Tezos life span, It has been forming a massive Ascending triangle. A series of higher lows has developed starting from the genesis candle.
I would pay close attention to this formation. If XTZ is able to break upwards resistance, it may search for Higher Highs.
Of course, this is a probabilistic set-up. DYOR.
Tezos Trouble2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later.
As of today, momentum is still negative although price may establish support at this level.
XTZUSD will need to climb 9% to get back above the downward trendline to show positive momentum.
Although 1-day MACD is pushing up, 2-day and 3-day time-frames show downwards pressure.
So Team Sparkster are currently neutral on Tezos.
Elliot count on XTZ Hello, traders.
If we count Elliot waves in XTZ we are going to see very clear patterns of its impulsive waves and corrective waves, we believe that the XTZ corrective wave has now ended with the support test at an important support level and we may be heading towards starting another bullish movement for this asset with the waves 1 2 3 4 5.
I know the chart is polluted, but we can see clear patterns in the Elliot count, so push the like button and follow us on tradingview.