Xtz
XTZUSDT (TEZOS) - IMMINENT BREAKOUT ANALYSIS 🔎
- XTZUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2)
💡Don't miss the great buy opportunity in XTZBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000855).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Tezos/Bitcoinis in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.0000975
TP2= @ 0.0001040
TP3= @ 0.0001110
TP4= @ 0.0001200
TP5= @ 0.0001335
TP6= @ 0.0001530
SL= Break below S2
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$XTZ/BTC 12h (Binance Spot) Descending channel breakout & retestTime to swing trade Tezos after that bullish breakout, entering on the pull-back.
Current Price= 0.0000937
Buy Entry= 0.0000940 - 0.0000870
Take Profit= 0.0001401 | 0.0002132 | 0.0002784
Stop Loss= 0.0000657
Risk/Reward= 1:2 | 1:4.95 | 1:7.58
Expected Profit= +54.81% | +135.58% | +207.62%
Possible Loss= -27.40%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1440h
XTZ/BTC Bullish Channel ReversalXTZ/BTC has formed a nice bullish channel since a week or two, launching the price upward. If you've read my previous X/BTC ideas, you're aware that I'm bullish on all X/BTC pairs currently. Luckily for us, XTZ/BTC has produced a nice bullish setup to trade.
To trade this, wait for the price to close above 900 sat. We need some form of confirmation to determine that the price is actually bouncing from the bottom trend line.
I've placed two areas of resistance on the chart, R1 and R2. Do your own due diligence.
Happy trading!
XTZ looks really good in higher timeframes ! You can make x2-x3 #XTZ / BTC ( Binance )
Buy Range : 0.0000750-770
Stop Loss : Weekly close candle below 0.0000640
Target 1 : 0.0000963 ( short-mid term )
Target 2 : 0.0001314 ( mid term )
Target 3 : 0.0001904 ( mid-long term )
Weekly chart looks promising for Tezos. Looks like trying to find some support and start a reversal. We have a failed try in November but this time looks a bit different because much money coming into the market and Bitcoin already did a big move.
Technically we found in a oversoll zone according to RSI while STOCH and MACD trying to push higher after two weeks with a good buy pressure.
Price sitting below of moving averages because weekly chart always lag a bit. But i think we may finding really interesting levels
Daily timeframes looking good too. We have a breakout and trying to find some support above moving average. Real test would be do a try above MA50 ( blue line ). If price is able to break and stay above, probably we will be looking for a fast price increase.
4 Hours already tested and break above MA200 forming a spike. Then, price need to make some pullback after a run sitting around 750 sats once again. In that way , you are able to wait for a pullback to buy against Bitcoin.
Price action against USD looks really bullish and im looking to touch last highs or even more for a next movements.
Good luck !
Tezos Trust Coming - Multiple Your BTC w XTZ Bitcoin MultiplierTezos until we Bezos. XTZBTC is looking really good for a reversal. Bitcoin should hold steady with institutions holding it down at $30k. This is a great time for altcoin laggards to shine. XTZ will have a candle close above the 50 day EMA and the bull trend should continue. Tezos trust is coming - load up
My comments on the 1D timeframe XTZThe 1D frame broke the downtrend line and entered an uptrend. The next target is the old high of $ 4.4.