Tezos cryptocurrency market update for May 13, 2019

May 14, 2019 --- Altcoins

Tezos cryptocurrency market update for May 13, 2019

Daily Chart

Tezos v's Bitcoin has remained under pressure over the past few days which is keeping SCMR signals red, candle formations primarily bearish, and short-term market structure bearish, none of which is pointing to a sustainable bottom around current levels, although a support confluence in the form of the bottom of the upper demand area, the top of the medium-term OTE long zone, and the rising 100 SMA is keeping the market from making new lows for now. That said, new dynamic resistance overhead, the falling EMA's, and the slowly deteriorating volume indications suggest that a move down to the 0.000xx area is likely if the new 0.000xxxxx regional low cannot hold this week

Tezos (XTZ)  ProTrade --- VST 

No new ProTrade ideas at this time.

Tezos (XTZ)  ProTrade --- ST 

No new ProTrade ideas at this time.

Tezos (XTZ)  ProTrade --- MT 

We activated a LONG position off of the 0.00017 level with an adjusted stop around 0.000xxx and a target of 0.000xx.

Entered: 2019-05-11 ---

ENTERED @ 0.00017

Tezos (XTZ)  ProTrade --- LT

We will consider a LONG position on a crash back down to the 0.000xx - 0.000xx area with a stop just below 0.000xx and a target of 0.000xx.

 

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