Hi All,
New to Tradingview, never have published any charts before, so i though i would take a shot with Tezos.
Bullish Scenario:
- Potential Cup & Handle on the 4 hour.
- Falling wedge (possible handle).
- MACD on the 4 hour bull has a bullish divergence (signaling a bullish cross).
- RSI on the 4 hour has been stagnant (sitting around 50).
- Still above EMA's on the daily chart.
- If volume increases, a break out of the falling wedge is likely.
Bearish Scenario:
- BTC dumps dragging most of the market down with it.
- Everything is the market has had a decent run up as of lately, possibly overheating,
- Daily RSI has a bearish divergence (sitting around 60).
- Daily MACD has a bearish divergence (signaling a potential bearish cross).
- Needs more volume.
To Long or not to long?
Short term targets if bullish breakout occurs - $7.3832.
Long term targets if Cup & Handle play out - $8.41 and above.
If dump - looking at support around $6.24 or even lower at $5.79.
Trade wisely and keep your eye on Papa Bitcoin.
Thanks! :)
New to Tradingview, never have published any charts before, so i though i would take a shot with Tezos.
Bullish Scenario:
- Potential Cup & Handle on the 4 hour.
- Falling wedge (possible handle).
- MACD on the 4 hour bull has a bullish divergence (signaling a bullish cross).
- RSI on the 4 hour has been stagnant (sitting around 50).
- Still above EMA's on the daily chart.
- If volume increases, a break out of the falling wedge is likely.
Bearish Scenario:
- BTC dumps dragging most of the market down with it.
- Everything is the market has had a decent run up as of lately, possibly overheating,
- Daily RSI has a bearish divergence (sitting around 60).
- Daily MACD has a bearish divergence (signaling a potential bearish cross).
- Needs more volume.
To Long or not to long?
Short term targets if bullish breakout occurs - $7.3832.
Long term targets if Cup & Handle play out - $8.41 and above.
If dump - looking at support around $6.24 or even lower at $5.79.
Trade wisely and keep your eye on Papa Bitcoin.
Thanks! :)
Catatan
On the Hourly:- Rising wedge, possible correction.
- Resistance at $7.16.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.