Tezos trading cryptocurrency market update for May 2, 2019

May 3, 2019 --- Altcoins

Tezos trading cryptocurrency market update for May 2, 2019

Daily Chart

The ascending triangle we discussed yesterday in Tezos v's Bitcoin trading pair certainly looks more plausible today considering price has moved sharply higher off of the uptrend line thus sparking a bright green SCMR signal and CR UP confirmation that is helping market structure to improve, all pointing to a bullish bias moving forward. So do the rising longer-term moving averages, the encouraging volume indications, and the bullish Ichimoku Cloud, although momentum remains lackluster so we think the upside is likely limited to the 0.000xx region until another test of the bottom of the triangle materializes.

 

Short term Members ProTrade - We will consider a small LONG position on a minor retracement back down to the 0.000xxx - 0.000xxx area with a stop just below 0.000xxx and a target of 0.000xxx.

Medium-term Members ProTrade - We will consider a LONG position on a selloff back down to the 0.000xxx - 0.000xxx area with a stop just below 0.000xxx and a target of 0.000xxx.

Long term Members ProTrade - We will consider a LONG position on a move back down to the 0.000xxx - 0.000xxx area with a stop just below 0.000xxx and a target of 0.000xxx.

 

At BBA we provide members with suggestive Bitcoin trading and Cryptocurrency trading strategies and analyze the Bitcoin value on a daily basis.  This can all be accessed via our hub, which is the ultimate bitcoin trading platform for traders.

You can sign up here to see the full content.