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XTZBTC

XTZ/BTC (1600 Sat Major Support?)💎Technical Analysis Summary💎 BINANCE: XTZBTC -Tezos is trading inside a descending channel -The pattern is Bullish if breakout to the upside -The major support area is at 1600 range -That zone is tested support twice and saw an upward move -If XTZ will continue its downtrend, it will likely test this region -I recommend buying the breakout of the channel to reduce the risk -Midterm target is up to 2400 sat previous support area `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
7
XTZ / BTC - way to oversoldHidden bullish divergence coupled with a 5 wave correction from previous high. Possible another 20% down from here should BTC and the whole market retract more but I would start ladder buying from this moment onwards. BTC Dom. pierced immediate resistance but more overhead horizontal resistance and descending trendline is intact so should we see a break in the stock market, where the correction should also be finishing soon (hopefully), BTC going down a bit further and then relief rally for the whole market.
Long
by badbeatnuts
9
XTZBTC is in a very interesting placeHi all, Just a quick TA from me. The chart says it all, have a look around, zoom in and see how the down trend support line shows that XTZBTC is in fact in a bull flag. There is of course a very real chance that the markets correct some more if the Dollar has a minor correction rally before it's inevitable further downside. If we did breakdown I think XTZBTC would just make another bear trap / failed breakdown and that it would in fact just be an even better better place to buy. This is not financial advice by any means, these are just my thoughts so trade and be safe :) What are your thoughts?
by Crypt1cLyfe
10
XTZBTC The Tezos syndrome. Time to buy.XTZBTC has been one of the most consistent pairs throughout the year 2020 so far. So consistent, that in fact helped me calculate the exact top and take a sell position and hit the target with surgical accuracy as you can see on the idea below: Now I believe it is time to start buying Tezos again as the price has made successive 1D closings above the (blue) annual Rectangle's Support and the LMACD is close to making a bullish cross. See how the LMACD is an additional tool (a little lagging but still quite effective) in determining tops and bottoms. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> NilBalance
Long
by TradingShot
1