Tezos Going To Binance | Can It Go Higher? | 140% To ATH

Tezos (XTZBTC) is being added to Binance so is gaining lots of interest... Let's take a look at the chart and see what is happening.


Tezos (XTZBTC) Chart Analysis by Alan Masters

First let's call our attention to yesterday's candlestick:

We can see that it moved down just to quickly go back up and close above EMA10 and EMA50 on high volume. This is a strong bullish signal.

This candle can signal that the market wants to go up as it closed bullish/green.

The MACD is now on the bullish side showing plenty of room available for growth.

Trading volume has increased massively after a new all-time low was hit on late June.

The RSI is strong and ready to move higher.

Tezos (XTZBTC) can easily grow with this chart setup... Will the Binance add push prices higher?

Normally it is the other way around... But with this setup, we are open to seeing Tezos go up.

Remember that this is not a piece of trade advice and you must always have a plan, a strategy, if you decide to buy any cryptocurrency coin.

Namaste.

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XTZBTC went ahead on CoinBase, over 35% in one candlestick now... This is an indication that it can move positively on other exchanges:

On the other exchanges XTZBTC remains above resistance, can easily move higher. If support is broken (red trendline) then it can go lower, but it looks bullish right now above EMA10.

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An updated view of the chart: