Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

  • Play2Earn
    Win a Reign of Terror Mystery Crate through Open Loot

    Win a Reign of Terror Mystery Crate through Open Loot

    MegaWorld Announces Citizen Traits and Pack Sale

    MegaWorld Announces Citizen Traits and Pack Sale

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    Legacy Announces October Release Date

    Legacy Announces October Release Date

    Sail Into Season Two of Gods Unchained

    Sail Into Season Two of Gods Unchained

    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

  • Play2Earn
    Win a Reign of Terror Mystery Crate through Open Loot

    Win a Reign of Terror Mystery Crate through Open Loot

    MegaWorld Announces Citizen Traits and Pack Sale

    MegaWorld Announces Citizen Traits and Pack Sale

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    Legacy Announces October Release Date

    Legacy Announces October Release Date

    Sail Into Season Two of Gods Unchained

    Sail Into Season Two of Gods Unchained

    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

Tezos may need more than mini-rallies to overturn a this trend

2021-10-31
in Altcoins
0
Tezos may need more than mini-rallies to overturn a this trend
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Tezos has been itching to interrupt out of its parallel channel which lasted for nearly the whole lot of October. Over the past 5 days, bulls formulated two assaults on the higher trendline however sellers responded at sure resistance factors, upholding XTZ’s bigger downtrend.

With one other decrease low wanting imminent, XTZ was anticipated to tag its decrease trendline as soon as once more earlier than a breakout. On the time of writing, XTZ traded at $6.44 with a market cap of $5.6 Billion.

Tezos 4-hour Chart

Supply: XTZ/USD, TradingView

XTZ’s restoration submit a number of false crashes throughout September has been fairly spectacular. The alt registered rallies of 107%, 68% throughout September, and at last, 71% heading into the primary week of October. Since then, a deleterious down-channel has impaired XTZ’s outlook.

You might also like

What’s Making VeChain (VET) Price Skyrocket Over 12%?

Hedera Records Massive Jump In TVL

Whales Arrived Just In Time For LTC Next Rally?

A collection of decrease highs and decrease lows has seen XTZ erase practically 40% of its worth from its native excessive of $9.14. The On Steadiness Quantity’s trajectory indicated that promoting stress has trumped shopping for stress throughout this era.

In response, bulls have tried to problem this downtrend by making an attempt two breakouts over the previous 5 days, however resistance ranges at $7.13 and $6.82 has deranged such makes an attempt. Contemplating a yet-to-recover MACD and a possible bearish crossover on the DMI, XTZ was anticipating further losses.

Ought to the worth rebound from the 20-SMA (purple) and mid-line of the channel, one other excessive may be anticipated on the higher trendline round $6.7. On the flip facet, a brand new low can between $5.3-$5.4 was doubtless in case XTZ weakens beneath the aforementioned confluence. A assist area round $5 can supply an early pushback ought to bears implement a breakdown from the sample.

Reasoning 

Regardless of current good points, XTZ’s MACD has remained beneath the half-line for a interval of 20 days. This weak spot would proceed to hang-out XTZ by exposing it to short-sellers. A possible bearish crossover alongside the Directional Motion Index did sit favorably for bullish merchants both. Nonetheless, the RSI’s motion would induce some optimism, ought to it maintain above the half-line.

Conclusion  

Mini rallies in direction of the higher trendline haven’t resulted in a breakout simply but and XTZ wanted to assemble bigger numbers to interrupt away from its downtrend. The following few periods may see XTZ dip in direction of its 20-SMA (purple) ought to the MACD and DMI proceed to flash bearish readings. In case XTZ cuts beneath its near-term shifting common line, a brand new low was anticipated between $5.3-$5.4.

Source link

Tags: miniralliesoverturnTezosTrend
Share30Tweet19

Recommended For You

What’s Making VeChain (VET) Price Skyrocket Over 12%?

2023-02-21
0
What’s Making VeChain (VET) Price Skyrocket Over 12%?

The general market has been exhibiting indicators of power as the worth of Bitcoin (BTC) retests the coveted $25K degree, whereas altcoins additionally seem like buying and selling...

Read more

Hedera Records Massive Jump In TVL

2023-02-20
0
Hedera Records Massive Jump In TVL

HBAR Crypto Information: Hedera, which is powered by its personal proprietary Hashgraph expertise, has seen a latest surge in its Complete Worth Locked (TVL), because it at present...

Read more

Whales Arrived Just In Time For LTC Next Rally?

2023-02-20
0
Litecoin (LTC) Gives A Strong Rally Amid Whale Acquisition

Litecoin Information: Amid Bitcoin’s (BTC) six month excessive value and hypothesis for a possible altcoin rally, the crypto market can be going by means of the regulatory hurdles...

Read more

LINK Whales Awake After 8 Months, Rally Ahead?

2023-02-20
0
Chainlink ($LINK) On Verge Of Breakout If This Support Breaks?

Chainlink (LINK) Information: After months of flirting with the native assist space, Chainlink (LINK) lastly seems effectively positioned to interrupt it with the entry of whales. This comes...

Read more

Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More

2023-02-20
0
Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More

Solana Worth: SOL began the week with an enormous value surge. In accordance with knowledge from CoinMarketCap, the altcoin is now up by greater than 10% prior to...

Read more
Next Post
After reclaiming the $1-mark, this will help XRP climb up the charts

After reclaiming the $1-mark, this will help XRP climb up the charts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Why Ethereum may touch sub-$3000 levels amid delay in the ‘Merge’ upgrade

Why Ethereum may touch sub-$3000 levels amid delay in the ‘Merge’ upgrade

2022-04-14
Expect Luna To Leap 27% To $80 Following Kraken Listing

Expect Luna To Leap 27% To $80 Following Kraken Listing

2021-12-16
Binance Coin, Fantom, Waves Price Analysis: 16 March

Binance Coin, Fantom, Waves Price Analysis: 16 March

2022-03-16

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%