It can be the best buying opportunity at this supportPrice action of XTZ has found a very long term support on weekly chart. And this time priceline is again moving down towards this support.
On daily chart the priceline is moving within a down channel. The moon phases indicator is showing new dark moon appeared above support of channel and new full moon is at the resistance. The priceline is likely to be rejected by the resistance.
On short term 4 hour chart a perfect down trend can be seen.
On more short term hourly chart the priceline was moving in an up channel but broke down the support of this channel as well.
Conclusion:
On short term charts the priceline is turned bearish. On daily chart it is likely to move down after being rejected by the resistance of the channel. On long term weekly chart there is more cushion to drop more up to the support of long term support. Therefore when Tezos will be at the long term support that can be the best buying time.
Tezosusdt
XTZ.USDT (Y20.P3.E3).TA on the Macro StructureHi All,
** This is a additional TA to the previous post on XTZ with BTC pairing **
As we had a strong BTC dominance divergence play out, we had XTZ.BTC price drop and bounce significantly while slowly regaining lost territory.
I did this TA against the USDT to see if its still within the acceptable levels for a next wave up. Happily to say, the restests of the previous resistances passed.
As per chart, we have one more resistance and after that, open roof.
My thoughts:
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> Daily indicators are positive, bullish with convergence and hence stay in the trade
> I would expect 2 touches to the resistance and 2 touches to the below support before the breakout otherwise its out.
Please give me a tick or like for this post.
Regards,
S.Sari
PREVIOUS POST
I have noted that we have price above the yellow key level meaning my TA is still relevant.
Tezos cup & handle + pennant What a beautiful sight for Tezos bulls. The consolidation over the past few weeks appears ready to make a breakout. Strengthening bitcoin technicals will continue to act as a tailwind lifting xtz even higher. Still reason to be cautious given the macro environment; however, this setup looks pretty.
Grab your popcorn.
#XTZ/USDT (May 26)XTZ is still strong and the sell force is not too harmful to XTZ. The final target for XTZ is about 3.5$ in June
But here we have 2 scenarios :
- Move up from 2.6-2.65$ to 3.5$
- Lose the 2.5-2.6$ support, it will drop quickly to around 2$ then keep moving up to 3.5$
We should try these plans because the risk is very small
Tezos; Easy Money, Easy Life? | TEZOS ($XTZ)The exchanges love Tezos, Chainlink fans love Tezos, the bulls love Tezos, FA is bullish, and TA is bullish. With staking and transactions up, and with price continuing up too, what choice do we have but to show some love to the XTZ bulls with our own long setup.
Resources: bitcoinexchangeguide.com + www.coindesk.com + bravenewcoin.com
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1. Fractal Trend is showing an uptrend (Navy bar color) on the 4 hour timeframe. This is indicative of the long term bullish price action on XTZ.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy line color) and/or bullish S/R levels plotted by Directional Bias (Navy line color).
3. Right now we are looking for a long entry off the S1 S/R flip + orderblock cluster which we expect to act as support if the uptrend is to continue short term.
4. Our stoploss is placed just below that level.
5. Our target is the R1 bearish orderblock formed by the highs of the previous price structure.
The trade here is straightforward, buy the next available support and long until the next notable resistance with a setup that gives us a nice R:R.
Good luck fam!
XTZ - 4H - Current situation and analysisWe're in the middle of the range $3.05 - $2.60, don't think to enter any positions here is a good idea, R:R is 1:1. It looks better just to wait the price will touch support or resistance and after that make my turn.
And I would rather prefer to buy pullback than to short it above $3, i.e patiently waiting for the further PA.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Tezos on the move
XTZ followed the market pump and broke out 2.15 resistance. Target for this move is resistance zone at 2.47 - 2.55$. Although there is a chance it will pullback to re-test broken resistance, before going higher. This would give a chance for safe long entry.
Support: 2.18 / 2.10 / 2.00
Resistance: 2.47 / 2.55 / 2.73
Week chart look bullish.
XTZUSD: Second test of resistance Tezos is doing great, bounced off support (missed my bids on a couple of dollars) and goes to resistance to test it in the second time.
Don't plan to short this ride now, because I think it could go higher - to $2.4 for example, where I'd prefer to short, but watching closely on the price.
Mid-term I think it's more profitable to buy pullbacks.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XTZUSD: Scalp long at $2.04Planning to buy XTZ for a quick scalp trade slightly below red line, at $2.04-$2. As you can see it was rejected at resistance and now testing support, I'm hoping a wick down will fill my bids.
I'm targeting lower prices for my bids because BTC doesn't look great now (to return bullish bias it needs to back above $6900).
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Analise Tezos - XTZ / USDTTezos rompeu a resistencia, que agora passa a atuar como um suporte, na regiao dos US$ 1.78 e disparou ate US$ 2.10 no inicio do dia de hoje, agora entrando em movimento de correcao, buscando a regiao dos US$ 1.87/1.88, que e a regiao dos 50% da retracao de fibonacci, bem como a regiao da media movel de 200 periodos.
Vejo uma boa entrada na regiao entre US$ 1.88 a US$ 1.78, caso o Bitcoin se mantenha na regiao dos US$ 7.100 a US$ 6.900.
Tambem houve um consideravel aumento no volume neste periodo de alta, assim dando maior forca a tendencia.