Tezos / Eth - Free Ethereum anyone ??

Following a 80%+ correction and oversold condition (orange column) the above 10-day chart has printed an ‘incredible buy’ opportunity.

Trading smart contract pairs is an excellent way to protect you dollar profits or better still increase them further, which is what this trade is about. (Dash/Zcash/XMR being another example of trading pairs).

Swing trading between like for like pairs is very profitable yet I never see many ideas like it on tradingview. The best part is you need only do it a few times per year - stress free.

Why bullish on Tezos?

1) The 10-day candle ‘Dragonfly DOJI’ + recent retracement

2) MFI resistance breakout (orange circle)

3) Stochastic RSI breaks up 20 following an astonishing 421-day period since it crossed down 80.

Good luck!

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Regular bullish divergence emerging

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Excellent 10-day chart printing for this pair. Clearly Tezos is going to out-perform Ethereum in this last wave of the Bitcoin bull run.

Kommentera:

PS: currently 8 oscillators are showing bullish divergence against price action. What does that mean? Throw the farm at it.

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Kommentera:

On the weekly chart it is obvious to see a significant bullish divergence. Be patient.

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Huge weekly bullish divergence playing out here