XTZVery simple ... Very clear!
Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
Xtzusdshort
Bullish continuation pattern in Tezos* Tezos in Daily time frame forms a Cup and Handle pattern.
* Cup and Handle is a bullish continuation pattern occurs during the uptrend. To continue the trend price needs to break the handle ( Falling channel like pattern).
* After a proper retest to the breakout level, we can see the continuation of uptrend in Tezos.
If we remain under 3.61 or 3.32 more dumps are comingThis is in line with what happens to BTC and ETH.
My new expectation is to not buy anything over 2.9USD.
Let's get to the bottom of this!
XTZUSD: Analysis using Ichimoku 26/06/2020H4
On D1, the price fluctuates in the cloud. The channel of correction is visually clearly visible.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level and down line of the channel on D1.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the price reaches above the Ichimoku cloud and the RSI reaches an oversold level at the local price correction.
Tezos; If the symmetrical triangle breaks, a 15% drop will occurTezos (XTZUSD)
Currently XTZ is trading inside a symmetrical triangle pattern !
Recently a bearish MA crossover occured and it indicates that the chance is higher that the breakout will occur below the triangle !
I am already active on this trade; entered on the trend resistance of the triangle.
Stay Tuned !
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