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Xtz

XTZ - Time to close positions - Trend ReversalHi, There is now 3 targets to close short poistions. 1 is safe and right now. 2 has good luck to happen when we look at the volume divergence right now on this mini ascending channel. 3 is the main support, the best point to close. (the second point of a double bottom in weekly chart). Then we switch to long position, with a safety stop loss, because the weekly chart is an ascending channel, and 9 time over 10, ascending channel will finish in a breakout from downside. But I think we are on the 3rd movement, we will see that at the 5th one. Have a pleasant day,
Long
by Spare1
2
2.12.2020 - Tezos (XTZ / USD)Hi Traders! Today we look at one of the most popular cryptocurrencies and that is Tezos (XTZ). What does the chart look like? For the purposes of this analysis, we will use a daily chart as we want to see the overall trend. Tezos also went through a slump this year caused by COVID in March. Subsequently, it rocketed and fell again. Let's look at the overall structure. Tezos wrote off up to 78% of its growth, which is confirmed by the value of 0.786 fibonacci retracement. Tezos was quite good to us also in the falling wedge he formed. At this point, several interesting levels met: 1. Support on the daily chart 2. Fibonacci retracement 0.786 3. Turning pattern - falling wedge You can see the bottom of the chart, and a reflection has come from this level. The chart has currently stopped at MA21, but this should only be temporary. In time, we expect an attack on the new ATH and the upper edge of this great channel. In general, we see a value of about USD 5, which would represent more than 100% growth. However, it is important that we stay in this channel and not fall below the bottom trend line. So the tariff is USD 5.00. May the crypto be with you!
COINBASE:XTZUSDLong
by DolleroTechnology
XTZ is getting ready for nice bullish movementXTZ has been hovering in the $2.20-$2.50 zone for a while, creating a local support on the 2 & 4 hourly, as well as the weekly charts. There were a few breakout attempts but the 2.90-3.00 resistance was too strong. However, with the current worldwide interest in crypto, the price should break through easily in the near future. This creates excellent profit opportunities. Of course, this all depends on BTC holding it's price, which I expect it will do at least until New Year's. The current targets are: T1 - $2.90 - approx. 22% profit T2 - $3.50 - approx. 47% profit T3 - $4.00 - approx. 68% profit T4 - $4.50 - approx. 90% profit As per usual, this is just my personal opinion, not a financial advice. Please do your own research. Here's the 2 hourly chart and the 4 hourly
Long
by CryptoWaveSurfer420