Xtz(Tezos)&Bitcoin Cash 09.02.22-Right perspective

The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.

Hello everyone!

My motto is Keep things simple.

Follow the Trendlines, not the Headlines.

I will try to show you what I see.We will look at many altcoin analyzes.

Today,

We will examine 2 charts.

XTZ(TEZOS)

Let's start with XTZ(TEZOS)

Market Cap is 3,990,297,788$ (https://coinmarketcap.com/currencies/tezos/markets/)

Let's look at the 4 hour chart,we are at 4.5 which is our resistance zone.The price went down after trying this zone 2 times.So for us this is an important resistance zone.We are in an ascending channel.Where the price is now?? the resistance point of the channel and our horizontal resistance zone are in the same place.What a coincidence :)

If we can get past this, I expect it to rise to 5,300.While bitcoin dropped a little and the market was hit hard, xtz stood strong compared to most other coins.


Next is Bitcoin Cash (We all love this don't we :)

Market Cap is 6,559,445,878$
(https://coinmarketcap.com/currencies/bitcoin-cash/)

Let's take a look at the 4 hour chart now.If the price does not exceed 350 again, 328 close support first, if it passes there, strong 315 support will be waiting for us.If the price continues up without falling, we can see that the 4th wave is over and we are now in the 5th wave.


If you want to take a closer look at the chart, I leave it here for you.

If the price pulls back, I wait for it to come to 339, which is the fibonacci 0.382 first.Price tested there several times.
Don't forget ! Week end will be important.


Btw I'm thinking of increasing the analysis of altcoins day by day.

Those were my market comments today, thank you for reading.

See you again soon. I will be here after this.
Respects.