XTZ about to break up 3.00 -> 3.20price is moving up with support and broke resistance at 2.64. Price is now testing as support.
if blue line on MACD makes a move up and crosses the orange moving avg, while RSI is above 50 this is very bullish.
I expect a break upwards today after BTC has settled from its move to 39300.
Xtz
XTZUSD: Bearish or Bullish MomentNoticed this long-term wedge forming pretty heavily on XTZ. I'm currently holding, but if this breaks down I'm not sure what my strategy is going to be. I'm leaning toward shorting it only because of an impending BTC correction that I'm sure will cause XTZ to tank for a great buy opportunity. Thoughts?
Tezos - potential big pump after this BTC correctionTezos has not performed as well as other alts recently. That said, its price is also fairly resilient as BTC is correcting right now. In fact, XTZ is currently at a very strong support zone: Weekly P pivot, Ichimoku cloud and Kijun line on 4H. I think it reasonable to jump in here with this long set-up:
Entrance price: ~$2.13
Stoploss: $1.93 (below S1 weekly pivot)
Target: $2.9 (R5 weekly pivot). $3 has been a strong resistance level, so let's see how price reacts there.
With this set-up, the R:R ratio would be ~4.5. Have fun trading.
XTZUSDT - Potential buy entry 🔼XTZUSDT is printing an ascending channel on the Daily timeframe.
Price is testing the ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing a falling wedge pattern.
Buy entry ⬆️ - breakout above the falling wedge resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the ascending channel support.
✳️Tezos/USDT Analysis (14/12) #XTZ $XTZXTZ is moving in the Megaphone pattern and the 2.1$ zone is very reliable to give us a good profit.
XTZ is on the way to conquer the 2.5$ zone, which is a very important resistance zone and a decisive factor for the next trend of XTZ. If XTZ conquers this area successfully, it will surely increase strongly to 3$ - 3.5$ and even 4.2$ in the end of this December.
However, if XTZ loses this 2.1$ zone it will quickly fall back to 1.5$, which is a very strong support zone that we should buy.
📈BUY
-Buy: 2.05-2.15$.SL if B
📉SELL
-Sell: 2.5-2.6$ if B.SL if A
-Sell: 2.9-3$ if B.SL if A
-Sell: 3.45-3.55$ if B.SL if A
-Sell: 4.1-4.3$ if B.SL if A
♻️BACK-UP
-Sell: 2.05-2.15$ if B.SL if A
-Buy: 1.5-1.6$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
XTZ - All Signs Point to Moon? 100%+XTZ is coming up to important fundamental and technical milestones. A breakout is likely.
TEXTBOOK bullish fractal present, with the current bar being right around the text book buy point.
Overall we see a big uptrend, which we are near the bottom of.
RSI is in an aggressive spot, with room to grow; a formation we're seeing across the markets before a breakout these past few days.
MACD is ready reverse with a shrinking bear divergence.
Volume is shrinking quickly.
And fundamentally, XTZ staking testnet for RAMP DEFI launches in 2 days.
I don't know how much more you need to be honest. I can't find much reason not to buy .
This is not financial advice. But if you want financial advice, don't buy a boat! Total money pit. Get a friend with a boat! Now there's an investment 🍻
Tezos - Decision PointTezos is reaching a critical decision point where long term ascending trendline meets shorter-term downtrend. With what seems like the precipice of alt-season, coupled with the strong price rebound and reclamation of said trendline after the at crash a few days ago, I'd expect XTZ to make an upward break and begin posting some strong gains going into 2021. Not to mention the EDO proposal, brigning zkSNARKS (privacy features) to Tezos, is on track to go live in February. Stars aligning.
XTZ at Support, Good Buying opportunity Tezos has tested the major support zone. XTZ has a very good community, and the team is continually working on the developments. After the breakout, XTZ will go like Waves. XTZ is a good coin for long term investment also.
Buy Zone: $1.85- $1.95 (add more in dips)
Target: $2.25- $2.45- $2.7- $2.95- $3.5- $3.8- $4.25