Xtz
XTZ (TEZOS) UPDATETwo scenario here... after breaking out of the falling wedge price retested and couldn't continue the bull run hence, breakdown, which turns to a descending triangle.
Right now there's no sign of reversal as volume is absent in the market and price could possibly poke out to touch the weekly support trendline.
Hold while we keep watch and update you on the next move.
XTZ triangle breakout 📐Tezos broke up this triangle📐 and I think there is chance for run to 5 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 3.242
STOPLOSS (SL) : local low @ 2.857
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 5.080
REWARD RISK RATIO (RRR) : 4.7
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal.
Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!.
Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
XTZ broadening wedge#XTZ/USDT
$XTZ is inside weekly broadening wedge pattern, and price is near lower line.
🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line.
break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels.
🐻 break down from lower line of wedge will drop price to support around $1.5.
Is the Bottom in for XTZ??? Might get in trouble for sharing this little dose of hopium because the recent downtrend definitely does not support it... but screw it!!
Some very bullish news pumped XTZ's price last week when Ubisoft announced it would sell gaming NFTs on the Tezos network through marketplaces Objkt and Rarible, which just launched integration with tezos.
bitcoinist.com
Obviously, the whole altcoin market, more or less, is at the mercy of bitcoin, and the whole market is fearful right now. We are still technically in a macro uptrend, which means this might be an ideal time to buy... unless this is the start of another "crypto winter," or bear market. No one knows for sure, but either way, we will surely get a relief rally out of BTC & alts, even if it's only temporary.
XTZ has found local support. Pattern wise, this could potentially be an inverse Head & Shoulders; XTZ could also be at the bottom of an ascending channel, or could possibly form a diamond pattern, which could also build support for reversal ideas.
One should never try to force trades, but hey, it sure feels good to call the bottom ;)
Just remember to set stop losses.
happy trades,
CD
#XTZUSDT Ready for 250% Rally. Trade Setup Here.
Welcome to this Trade Setup on XTZ.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
XTZ is currently trading at around $3.40.
As per fractals, every time XTZ hits the lower support trendline we have seen 8 to 12 weeks of the bullish rally in XTZ.
Besides, it's trading above the important MAs and multiple indicators are showing signs of bullishness.
So this will be my trade plan:-
ENTRY:- Accumulate between $2.5 to $3.4 (On spot)
For leverage :- $2.82 to $3.27
TARGETS:-
$4.67
$5.33
$6.82
$7.21
$8.55
$9.76
Stop Loss:- $2.39
The chart looks promising and can pump almost 250% in 2 to 3 months.
Just keep in mind if you are planning to trade with leverage, make sure you enter on the correction.
Please do your own research before taking this trade.
This is not financial advice.
Also, let me know What you think of this trade?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Tezos XTZ The DirectionSolid Project to get into this drop of the market. Has potential long term ( as you can see I didn't use the Log chart).
It hit it's long term support line, might have another bounce.
I got into 3$ with a target of 4.05$ as a rebound.
Also can drop to 2.75$ or even lower, where I will buy more : 2.50$ - 2$
If BTC moves again higher than 46.5k till 49k, might see higher TP for XTZ.
Have a nice day )
TEZOS: WHICH WAY?Following the clear channel we are in a good point to start long posizion, but obviously we do not forget to use stop loss if our purpose is only to trade for a short period of time.
Imo this is the more clear scenario in the crypto space:
- if you want to short, waint until confirmation below che yellow line
- if you want to make money, long here and set a stop loss as mentioned before is a safe trade.
Let me know if will be usefull.
Idée de trade XTZ analyse avec Ichimoku$xtz
La lagging span à enfin cassé à la hausse.
Nous sommes entrain de travailler la SSB avec la LS (voir si elle fait son rôle de support) la tenkan n'est pas loin ET nous sommes sur la MM7. BON POINT D Entré.
#Cryptos #trading #ichimoku #Bitcoin #btc #cryptocurrency #xtz
XTZ Daily chart potential to breakoutTezos played well in this recent period of time and its almost broke the major resistance of 4$ , however it looks after Bitcoin to moving on like rest of the crypto market .
If tezos close daily candle above 4.05 resistant , it will reach 4.50 and probably goes to 4.80 for the second run .
XTZ LONG :
entry: 4.08
Tp 1: 4.48
Tp 2: 4.74
Tp 3: 5.120
Sl:3.85
Its not a financial advice ,DYOR
I would love to hear your ideas about TEZOS
XTZ/USDT technical analysis chart (TEZOS) Current technical analysis of XTZ chart let me know if you have any doubts or questions which you can leave in the comments and if you have any criticism towards my chart, would be greatly appreciated!
Red line (2.9) = current strong support
Yellow line (3.8) = current strong resistance
Orange line (4.4) = hard resistance (potentially might bounce down)
Cyan line (5.3) = target selling price strong high resistance
Green line (6) = recommended selling price if still holding unless you think it will reach the top of the ray or even the channel
BINANCE:XTZUSDT