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.
Xtz
✳️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
XTZ Tezos Bullish Wedge To Bullish Wedge RetestMan, sometimes i can be such an idiot :). I noticed yesterday that i accidently posted 3 analysis as a hidden post, then i posted all of them again as a normal post, now i am seeing i posted this one twice as a hidden post :),
One would say, if there was a moment for alts to rally, it would be now with Bitcoins big ATH breakout. But why are most of them barely moving? The big alts like ETH and LTC and a few more did move quite a bit, but i see that many of the smaller ones (didn't check all of them). I don't have a theory on why this is, but as during most rallies since 2019, most of the worlds eyes are on Bitcoin and not on the rest.
So even though the setup is here for Tezos, i honestly don't know if it will play out or not, but there is potential. On the right it looks like a bullish wedge, as long as it doesn't drop below the green box, the wedge is in play. The target of the small wedge is around 2.4. The big question though is, if this small wedge plays out, is it just a small rally until the 2.4 or will we see those old school pumps like we saw in the past? For that, it's important to see it pump past that 2.4 target. So reaching the 2.6/2.7, if that would happen, then more would be possible for the coming weeks/months.
The hidden post:
Previous analysis:
XTZ 12h An aggressive buyer appears on the chart, we are waitingIt looks like XTZ has finally started buying back.
In the previous ideas, we wrote that the uncorrected fall of XTZUSDT is scary. However, the buy back began from the zone which we had marked on the chart a long time ago.
Since then, the price has never lowered to $1.78.
Looking at the chart, you can see that for the last month someone aggressively buys out XTZ as soon as it approaches $2.
It is likely that in the coming days, the buy back level will be raised to $2.20.
Growth up to $3.20 is our priority.
The priority and the situation on the chart will change if the price can fix below $2.
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XTZUSD - FallingWedge Breakout (4HR Timeframe)Breakout of the FallingWedge and clear support from the year long trendline support, so good chance we see continuation to the upside as long as Bitcoin holds steady.
The level I'm watching is the $2.60 region since it was previous resistance multiple times, as well a previous target of a bigger FallingWedge seen 2 months beforehand.
It's also possible for us to reach and test the $3.00 regions in the future, and eventually testing the upper support of the year long trend, though it is too far out to analyze for the meantime. Also, if the price stalls too long in it's current area of $2.35, then that may be a bad sign as well, we need a big push.
XTZ big move coming! XTZ price has been steadily moving while btc xtz pair has been moving down. Due to sudden spike in BTC, holders are moving out of xtz into btc. This has landed xtz in the oversold zone by a good margin. When BTC begins to move back to xtz price will spike. MACD will make cross above center line within about week I believe signaling trend reversal. But the bottom would most likely be now.
what are your thoughts?
peace
XTZ/USD (round 2) :)XTZ/USD round 2
XTZ has had a massive sold off after our date of 10th August 2020.
Now is at an interesting level for holders to reaccumulate, anyhow, if you are already in , you will see 2 interesting targets in red (TP1, TP2) to redistribute/sell.
With a DAILY close above the black resistance at around 4.492 would activate the much more ambitious targets.
An eventual fall and close below 2.32 would activate the 2 buys in green.
Good Luck :)
LSMTS