A lot of cryptos did well in last weeks; found temporally bottoms and reversed. Buying interested has increased, but it is still too early to say this is a bull market. For some long-term investment it might be actually a good entry point.
From TA perspective and for some daily traders, I will cover XTZ (Tezos) coin. I will leave the meaning of it and technology behind and just focus on price movements.
On weekly time frame the price found support on $0.31 and $0.35 in USD value terms. Both supports are strong as you can see form the candle patterns. From there it climbed for 3th consecutive weeks and tested real support at $0.65. The support is aligned with 50 MA, which now guides us to next target at $1.05.
There is great potential XTZ would eventually move higher as the buying interest is still high. Potential targets are market in yellow.
From TA perspective and for some daily traders, I will cover XTZ (Tezos) coin. I will leave the meaning of it and technology behind and just focus on price movements.
On weekly time frame the price found support on $0.31 and $0.35 in USD value terms. Both supports are strong as you can see form the candle patterns. From there it climbed for 3th consecutive weeks and tested real support at $0.65. The support is aligned with 50 MA, which now guides us to next target at $1.05.
There is great potential XTZ would eventually move higher as the buying interest is still high. Potential targets are market in yellow.
註釋
Target reached with sniper precision. I'm waiting for reversal and will look for re-entry.註釋
Targets hit with precision. Lets see if we can get re-test of support area at 1.05, that would be a perfect area for next bounce higher to 1.25 region.註釋
Trade closed @ $1.4
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。