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Tezos / Bitcoin

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XTZBTC trade ideas

Uptrend channel on XTZ.Hello, traders. TEZOS/BTC is inside a bullish uptrend channel on the 4-hours chart, so we believe that the price has room to go test the top of the channel, and later the important resistance level. What Is an Ascending Channel? An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending channels show a clearly defined uptrend. Traders can swing trade between the pattern’s support and resistance levels or trade in the direction of a breakout or breakdown. Push the like button and follow us!
Long
by MarketMinds
Tezos supercharged?Last time Tezos had this divergence it made a strong impulse to the upside. First I want to see the 200 MA reclaimed! *DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome. Always keep in mind not to enter a trade to soon and remember to take profit along the way. Stay safe, stay profitable & may the odds be forever in your favor ^^
Long
by UnknownUnicorn5829673
4