XTZBTC
XTZ gaint ascending channelZTX/USD
🌟 Techincal Analysis🌟
Not a much talking
gaint ascending channel
If the price can hold above 1.77$ this idea is active
Note : not a buy signal from this point
Signal comes with buy area and stop loss and sell targets
Just directional route for who already in (long term)
Good luck and happy trading 🌹
XTZ/BTC in the buy zoneXTZ is currenlty in the buy zone. Even though it could dip lower and hit the block in the 940 region, it still presents a great buy opportunity.
Once BTC settles, it will probably fly.
The best play here is to patiently wait for XTZ/BTC to enter on a break of 1260 and target the mid range at ~2400.
Bearish pattern breakdown and support levels to watch out for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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✳️Tezos/BTC (28/10) #XTZ $XTZ #XTZBTCXTZ is at the bottom of the previous bullrun, which raised from 1500sts to 4000sts.
So there is definitely a significant buying force here, we can buy with low risk.
📈BUY- LONG Strategy
- Buy in the 1450-1500sts zone, stop loss if the 1D candle closes below this zone
📉SELL-SHORT Strategy
- Sell in the zone of 2200sts, stop loss if the 1D candle closes above this zone
- Sell in the 2400sts zone, stop loss if the 1D candle closes above this zone
♻️BACK-UP Plan
- Buy in the 1200-1300sts zone, stop loss if the 1D candle closes below this zone.
- Buy in the zone of 900-1000sts, stop loss if the 1D candle closes below this zone.
XTZ Double Descending Wedge PatternThere are 2 descending wedges that have formed. A larger, longer term descending wedge that is nearing its end and a smaller descending wedge inside the large wedge. Either way we break out of the small wedge, the bears or bulls haven't really made any progress until the longer term wedge pattern has broken. A lot of uncertainty in the markets with what is happening the world. It may seem very bearish for alt-coins that they are doing so poorly against bitcoin right now but this is how the cycles work. The money will soon flow into the alt-coin space. Seeing as a descending wedge is typically a bullish pattern, I am long in the mid/long term.
Also note how little volume there has been in XTZ/BTC the past 4 weeks. Volume is an important consideration. It really proves the move is true. For bears, the low volume should be concerning. For bulls, this looks like a ripe setup to break the descending wedge bullish. A break of pattern by early November looks imminent.
Happy trading.
XTZ/BTC entering support zoneIt is now clear that the long term ranging pattern was not accumulation but rather a distribution. Using Bitfinex chart because it has long price history to identify support and resistance.
XTZ/BTC is now coming to the first support zone looking to bounce from here. If bulls cannot defend this zone the price may fall another 30% from volume profile perspective, to find the price of control zone where trading interest is the highest.
XTZ LONG Boom If anyone looking long term profits XTZ is perfect we can see lower line bollinger band touch and rebouncing targets for this 4.5 for short term and 6 is for medium term and long term who is looking for huge profits in bull market target is above 12 we can hold and relax for spot traders