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Nakedtrading

Tezos is at Support Offering 30% ProfitTezos (XTZ) just hit its all-time high at $4.48 last week. It now stands at support, which was the high during its last bull run in February this year. Let’s take a look at Tezos and its likely forecast. What is Tezos and How Does it Work? Tezos is a platform designed to provide code correctness and safety for both its assets and use cases. The platform’s smart contract language facilitates formal verification, which is a methodology commonly used in mission-critical environments such as the electric power systems, aerospace, and nuclear industries. Tezos's architecture and upgrade mechanism allow the network to propose and adopt new technological innovations as they emerge. This capability enables the protocol to remain up to date regarding innovations without sacrificing community consensus. All stakeholders may participate in network upgrades by evaluating, proposing, or approving changes. Additionally, stakeholders can help to secure the network (via delegating or baking) and avoid being diluted by inflation. Tezos is thus a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It is similar to Ethereum in nature, and similar to Ethereum, it has an unlimited supply. Tezos (XTZ) on the Chart Last week, XTZ hit its all-time high at $4.48 and currently stands at support. The price may fall further at the support of $3.33-3.15, as displayed by the green rectangle on the chart. If a position is opened just before that support level and closed just below the resistance at $4.3, then it offers an opportunity of around 30% profit. It is impossible to predict all price movements of a coin or any asset in general. Therefore, professional traders always recommend having a stop loss in place at a level where you feel comfortable.
COINBASE:XTZUSDLong
by cryptohopper
XAUUSD updateHit that like/follow to motivate me to continue. Not much has changed since last update, if you were tracking this set up you would notice 50% golden retracement zone was respected. Meanwhile buying on dips and exiting until a better long term buy position. Probably won’t see it until elections or Covid vaccine, I’d like to see 1700s again. Fundamentals playing big time here: “Buffett’s decision to completely close Berkshire’s position on Goldman Sachs follows the bank’s second-ever highest quarterly trading revenue of $13.3 billion. It suggests Buffett is not comfortable in betting big on the banking industry in the long-term. Instead, Buffett purchased a single stock in Barrick Gold, whose stock has reflected that of gold in most of 2020. The firm is a gold mining company based in Canada, which recorded a 45% increase year-to-date. Following Berkshire’s investment, the stock rose by 8.11% in after-hours trading.” Search for an article titled “Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say“ read up and take notes. Check my correlation map and keep up. Every dip with confirmation is an opportunity to buy. This article is for educational purposes and not financial advice. Do your own diligence and research.
TVC:GOLDLong
by Cangaceiro
13
USDCHF Inverted Cup&Handle check my previous ideasHi friends hit the like/follow button to motivate me to continue. Check my previous ideas to keep up to date. We went over USDJPY and EURUSD that have move similar, now USDCHF is the pair they’re opposite trend. Now this is not always 100% due to volatility and Fundamentals impact. We can observe the inverted cup and handle was respected, also we can see how the trend was opposite from EURUSD and USDJPY. We can expect further downtrend to support area. But before the handle in this case since it is inverted, can be expected to uptrend to Fibonacci levels before it pushes down. If it breaks further confirmations would be necessary to determine the next position, for now we can continue to see downtrend to support area. Be ready if the time trend bounces from support back to fibonacci levels. What are the strategies I use? A combination of strategies: Confluence; Pair Correlation; Naked Forex. The tools and indicators I used: SMAs;Pivot Standard;Fibonacci Retracement tool.
Short
by Cangaceiro
1