View: slopechart_$XTZ.jpg

slopechart_$XTZ.jpg

Here is an argument for the bulls over in cryptolandia. Bull channel for Tezos was violated to the down side recently but we climbed back into it. 

Crypto gets a lot of heat for being volatile, no argument here. It's about x3 from the bottom to the top of the channel at the moment.  
$5.15 and $10.53 resistance lines shown. I tried out the sine wave tool on Slope for the first time but the periodicity is not consistent enough. 

A lot of older cryptos exhibit a similar behavior, with variations on this theme. Pinballing in similar channels. I'll be back in 60 days to report on whether this observation was valid or not. The hard part is holding your nose and buying this a week ago, when we were days away from the end of the world.

Image added via SlopeCharts
slopechart_$XTZ.jpg

Comments

GonnabesickGonnabesick
Classic standard TA. And crypto has little else to hang its hat on. Don't know why people expect it to behave different from charts of other trading vehicles. 8/10/21
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