Xtz
🔥 XTZ Forming A Bullish Inverted Head & Shoulders PatternSince the major sell-off late last week, XTZ is one of the most volatile assets in the market. A massive bullish push of +60%, followed by an almost 30% sell-off.
This morning, XTZ found support around $4.5 area. This reversal is shaping up to form the second should in an inverted head & shoulders pattern. Conservative investors might want to wait for the pattern to be completed before entering a position. Risk-loving investors might want to consider stepping in now to ride the potential wave upward.
For the remainder of the weekend, BTC and the stock markets seem to be in a relatively good shape due to positive inflation news. I'm quite bullish.
Happy trading!
TEZOS (XTZ) - Attempting to break a long draw downI grabbed a small amount of XTZ last dip as it was approaching a zone of interest. It has subsequently seen a nice bounce which has broken from the declining trend marked on the chart. it is currently retesting this breakout and could be worth entry. This rebound is confluent with the 0.68 fib retrace and support zone marked. Note, the trend does not touch that many price points and an alternate trend is marked in the dotted line that is worth paying attention to.
For prudent traders, this is still structurally quite weak so look for entry once it regains the 0.5 and breaks this shallower trend - not a bad idea with the question mark around BTC and wider market right now too. Worth putting on watch list if you don't want to risk entry now. You can see this current rebound stopped at the 0.5, once we regain that 0.5 that will be confirmation for me that buyers have taken over
One for the watch list
Tezos (XTZ) Buy ZoneTezos (XTZ) Buy Zone
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BIAS
Short-Term : Bearish
Long-Term : Bullish
Spot for this beast set down to a potential final lower low before a 350% profit potential ride.
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$XTZ/USDT SPOT SETUP
Entry Price : 3.135 - 3.333
TP 1 : 3.737
TP 2 : 4.343
TP 3 : 5.432
TP 4 : 6.464
TP 5 : 9.141
TP 6 : 10.143
TP 7 : 12.135
TP 8 : 14
SL : 2.6
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🆓Tezos (XTZ) Dec-6 #XTZ $XTZ
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 3.8$ zone
🔴Buy : 3.8
🔴Sell : 4.5 - 5.5 - 6.5
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 3.8$ zone
🔵Sell : 3.8
🔵Buy : 3.2 - 2.5
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
XTZUSDT Price UpdateXTZ currently broke down from 4.5$. which is an important level on the daily timeframe. and right now it's forming a falling wedge on the 1H timeframe it means we could go up for short-term for a retest and confirming break out if this happens we could get a nice SHORT opportunity on XTZ. jus wait for a retest if you are looking for Short.
NOT FINANCIAL ADVICE.
1H Chart
XTZ Long SetupTezos Broke the down trend-line with high volume, we have zones at 4.7 and 5.1 both have cluster with .786 and .5 level of fibo respectively, perfect for price to touch and bounce from these levels. for our targets we have 5.9, 6.5 and 9 levels. first of all check this idea with your own setups and then enter for long, Adhere to risk management.
Note: price may form a trading range at 5.1 and 5.9 level or 4.7 and 5.9 level in that case, sell at top and buy at bottom.
XTZUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you can see, the price is moving inside a bearish channel and every time has fallen, it hits the resistance line.
It has already broken the resistance line, but we can not buy if it is not stabilized above that. It may be a fake failure and the price will re-enter the channel. If it is above 5.350, we can trade for higher prces.
Those who take high risks, can buy at this price to achieve higher targets.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
💡Don't miss the great buy opportunity in XTZUSD @tezosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.629).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XTZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.717
TP2= @ 6.091
TP3= @ 6.783
TP4= @ 7.184
TP5= @ 8.032
SL= Break below S2
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💡Don't miss the great buy opportunity in XTZUSD @tezosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.629).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XTZUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.717
TP2= @ 6.091
TP3= @ 6.783
TP4= @ 7.184
TP5= @ 8.032
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
xtz long swing ~you know what they say about the majority?
they usually sell right before it's time to become buyers.
xtz looks to be in a larger 1-2 here, which is kind of my bias right now towards crypto; a larger 1-2.
if i'm right about this, the target for xtz would be at around $15 for the bigger wave 3 swing, which could take a few months to play out.
i'm out at $10 at the -0.236 as my usual target from a gz swing.