Tezos on the BTC pair seems to be forming The Livermore Accumulation Cylinder with Widening Mouth.
If it continues to follow the pattern it should lead to expansion in the next phase.
In weekly time-frame we can observe the price fell from ATH breaking all the support zone and is currently forming a proper DOUBLE BOTTOM (W- pattern). From here on, there are possibly two scenarios that can take place, first the price surges from here following the W pattern to the upside (Lvls mentioned in green) and second after reaching the highlighted area...
Hello Everyone
First of all, all of my analysis are for educational/study purposes only and should not be taken as an investment advice.
Tezos began to drop back in Sep 14 2020 and continued to it's downtrend for months until the first week of January 2021. Right now, the price has been accumulating/consolidating between 8647 and 7271 levels. If the price manages...
Completed its capitulation cycle.
Volume and VPVR showing bullish momentum in D1 TF
I am buying here heavily b/w 700- 850 sats will hold for a quarter for 300% run
Investment is the key and investing right matters
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000855).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Tezos/Bitcoinis in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
