So, the bulls won this battle again! I said in my last analysis that I was annoyed by Friday’s candle, and said the bulls should react quickly, because their advantage was diminishing as the time passes. But as soon I whined about it, the bulls did an awesome movement! But first, if you are new here, I invite you to follow me, so you’ll be updated about our trades and analysis.
I confess that the Friday’s candle was annoying, and I was worried about it, but fortunately I was wrong. Now, it seems XTZ will seek the 61.8% fib retracement, and is trading above the 21 ema again, as well the blue trendline. We have all bullish signs here, and there’s nothing to worry about XTZ for now. Let’s see if it will surpass the fib retracement, and if it does, only the “resistance zone” will remain.
Now, let’s see the hourly chart:
In my last analysis XTZ was still trapped between the light blue and blue line, and it was taking too long for the bulls to escape from it. But in the end, they managed to win this battle, and now Tezos is trading above the black line, which is very good! The bulls are here, and there’s absolutely nothing to worry right now. But isn't time to buy, neither to short, if you are out just wait for a better opportunity. If you are in a trade, it's time to manage your position. If you're a HODLER, then you are just very happy right now. Tomorrow I’ll be back to more updates.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
I confess that the Friday’s candle was annoying, and I was worried about it, but fortunately I was wrong. Now, it seems XTZ will seek the 61.8% fib retracement, and is trading above the 21 ema again, as well the blue trendline. We have all bullish signs here, and there’s nothing to worry about XTZ for now. Let’s see if it will surpass the fib retracement, and if it does, only the “resistance zone” will remain.
Now, let’s see the hourly chart:
In my last analysis XTZ was still trapped between the light blue and blue line, and it was taking too long for the bulls to escape from it. But in the end, they managed to win this battle, and now Tezos is trading above the black line, which is very good! The bulls are here, and there’s absolutely nothing to worry right now. But isn't time to buy, neither to short, if you are out just wait for a better opportunity. If you are in a trade, it's time to manage your position. If you're a HODLER, then you are just very happy right now. Tomorrow I’ll be back to more updates.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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