XTZ maverick breakout! [setup]Who's afraid of the big bad BTC? Not Tezos!
While the market watches and waits for BTC to reverse it's slow recent term downtrend, alt coin trading has not been amazing.
Only a few coins including XTZ and AVAX have outperformed the market.
As we've seen with SOL's epic run up, everyone wants in on "the next ETH," and I think that network tokens with strong features for developers will do well.
What I like about XTZ is that there's already real use-cases in the form of NFT marketplaces.
happy trades
CD
Xtz
XTZ Continuing To Explode!!As i talked about on August 17th i was saying how XTZ is looking like its about to breakout against BTC and we nailed that perfectly! That TA was put out when Price action was still in the descending channel! And we are looking super bullish still with XTZ outperforming majority of the market right now, we wicked upto about the 1 FIB level which is our most recent high from around May, we are actually currently pushing above the 0.7 FIB and if we can hold above here for daily close we are looking golden! Check out the EMA ribbons, this is a huge deal, as you notice we had the red ribbons on top for quite some time pushing down on us and dragging us downwards, we have recently flipped that with the green ribbons on top showing the bullish momentum is growing drastically! This indicator isnt a fast mover and it takes a bit of time for the ribbons to fully flip and once we do if we continue like this we will want to see big spread and separation in the ribbons which shows massive amounts of bullish momentum and will bring us a great ways away from getting that bearish flip. Bollinger bands too look super bullish, we are on our first candle that is starting to grab onto the top band and you guys know what most of the time that means! Likely a huge climb up to come and i honestly think if we do see this big run up we are gonna slice through that 1 FIB level, due to bullish momentum getting bigger and stronger everyday! Now the MACD we just had a bullish cross and even though it isn't confirmed yet i would say there is a very good chance that we see a very bullish and healthy MACD cycle coming up here soon! But keep in mind that we need to see that blue MA start to take off from the orange one separating away and pointing upwards, and the further the MA's spread the lesser chance we have of a near term bearish cross! Aswell the histogram, we need to see increasing green bars each day with rising bullish momentum which personally i would say is very likely! Not financial advice just my opinion!
XTZUSDT TECHNICAL ANALYSIS Tezos (XTZ) has gained over 29% last 24 hours and we got some signal from our robo advisor. The candle already break out down trendline and resistance line and still staying above to up trend line. If new candle stay above the resistance line (this mean resistance line will may change to support line) and next candle open close completely above the down trend line, it may some opportunities for buy. But we need to do really careful on our trade as well. Let’s follow our chart closely.
“NFA”
XTZ - potential trade ❗❗A potential XTZ deal.
Accumulation
Price squeeze
Higher lows
Potential target marked above
Buy after a breakout or retest of the $5,6 level as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
🔥 XTZ Break Out After ConsolidationXTZ saw an incredible run up in August. Since hitting the area between $6 - $6.15, XTZ saw a bearish move and traded sideways for over a week.
With most of the crypto market going up, XTZ is one of the tokens which has been lagging the market. As of today, these lagging tokens are starting to see more bullish price action.
For now, the main target area is between $6 - $6.15, potentially higher if we're going to see strong bullish pressure over the coming days.
Happy trading!
XTZ Buy a break setup.XTZUSD - Intraday - We look to Buy a break of 5.781 (stop at 5.588)
Daily signals are bullish.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 5.750, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 6.348 and 6.448
Resistance: 5.750 / 6.000 / 6.125
Support: 5.400 / 5.300 / 5.000
🔥 XTZ Long-Term Target UpdateAround a month ago I made a long-term analysis on the bullish channel in which XTZ was trading. $7.50 was my long-term target for this token.
www.fierytrading.com
With the huge bullish moves we've seen over the last few days, XTZ is on its way to reach the target a lot sooner than initially anticipated.
With BTC still being relatively bullish overall, I'm anticipating that the $7.50 target might already be hit in the coming week. Potentially, we might get a wick in the $8 - $9 region.
Happy trading!
XTZ.USDT (Y21.P5.E1).Macro outlookHi All,
XTZ has been really pumping of recent because of the projects its involved in.
I see it in a macro channel and its likely to break above it in the coming weeks\months.
Articles says 3 reasons.
Protocol upgrade reduces transaction costs > he most recent 'Granada' upgrade was implemented on Aug. 6.
Real-world adoption driven by 2 large banks
Attractive staking rewards reduce the circulating supply
All the best,
S.SAri