XTZ - Tezos Bouncing Off Strong Support, Long for 32% TargetConsider this long position here. But be mindful of Bitcoin because it could ruin this trade.
XTZBTC
Important Support Level Buy on XTZHello, traders.
XTZ is testing the support level of a bullish rectangle and is forming indefinition candlestick pattern.
The buy point is indicated if the price goes above today's candlestick pattern.
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XTZ/BTC (Repeat History? Bounce up?)XTZ/BTC
-Tezos is back at previous major support area since March trading action
-This coin has been trading inside a sideways channel with a 40% range
-If history repeats itself, we might see another bounce up a rally to 3750 sat
-Only if XTZ can hold this level again for the 5th time
-Stoploss can be placed below 2400 sat
XTZ approaching 200 day EMA, that also alings with .786 fib.BINANCE:XTZBTC
.786 fib aligns with 200 day EMA, just look how $XTZ reacted to 200 day EMA in recent history. This is not a bad spot to start laddering in position IMO.
Inverse Head and SshoulderIf it breaks 3.40 level up then it will reach to 3.60 level very quickly. I see Inverse head and shoulder in 15 minutes graph.
XTZ.USDT\BTC (Y20.P3.E2.v2).Now we waitHi All,
Just going through the charts and basically planning ahead as to which are the best from a number of options.
While doing so, will post some of my thoughts.
Cheers,
S.Sari
XTZ.BTC thoughts > Not one of the best options out there... others have better trends.
$XTZ looks good. Further upside seems inevitable.Not a financial advice.
Trade carefully and good luck.
XTZ/BTC Elliott Wave Perspective + Market Structure ViewDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tezos to breakout again ?tezos is retesting a key zone we could see a nice impulse if btc can remain flat !!
BULLISH XTZ BREAKOUTXTZ presenting a good R/R play. Currently retesting previous ATH. TP and SL shown on chart.
XTZ $$$ Possible Scenario $$$Hi there !!!
XTZ seems like to make really good move as its moving uptrend after hitting its key support and also seems like have its downtrend over, of almost 20 days long....And Ready for a fresh move if today's market can closes up above $3.3 or above ...but if the market goes down below $3.18 then possibly we could see more downtrend incoming !!!
Cheers !!!
Happy Trading !!!
Tezos Trading planHello Traders,
Tezos is inside of a huge accumulation in a retangle shape. It possibily will give us an excellent buy opportunity if it touch the base of this retangle. I will keep my eye on Tezos if it goes to the blue line again.
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XTZ/BTC fib retracement levels, strong support around 25k satExpecting a dump back to fib level 0.5 if 0.382 will not hold within the next days.
Also expecting a bounce near fib 0.5, price bounced multiple times around that important key range.
Tezo's Moonshot XTZLooking for the right shoulder..
The 1/1 Gann line has proven itself to be a strong point of support for the coin
Why Tezo's could explode to the upsideIf we look at the XTZ/BTC chart we can see that Tezo's is forming a MASSIVE multi time frame flag on the cross. If this midterm support level in the XTZ/BTC cross does hold. We are due for a MASSIVE upside break in Tezo's. You can see in the past where Tezo's usually consolidates before a move up. We have seen a ton of coins popping off for moves. ATOM, LINK, etc... Tezo's seems to be the next on the list.
The XTZ/USD chart also looks very good. We are at a massive support zone that has been confirmed a few times. If this level does indeed hold, it will catapult it much higher. Once the XTZ/BTC cross start's breaking to the upside, we will everything rocket higher.
Targets. If we measure the breadth of the Tezo's move it gives us a .0006 target on the cross. If USD really gets going I would imagine our earlier $5-$6 target get's hit easily. With the possibility of $10 if things really start going like atom or link.
Things could get interesting,
-sherem
$XTZ good entry PointLooks like we have finished retracing here. A bounce of the 200MA and another leg up looks more likely now.
We have had a double bottom, higher high and higher low.
Prices are close to the BUY call area the SUPERTREND Indicator made on the the 10TH August, so not much difference in buying now.
Also there is support sitting just below current prices
XTZBTC reclaims long term trendlineTezos reclaimed a long term trendline against BTC after finding strong support at 30k sats. A really nice bounce off the 50RSI as well, something we've seen alts do before continuing back up. A close near 40k sats would put us on track for a significant leg up. As the triangle is closing the move could come sooner rather than later.
XTZ/BTC strugglesNeed 12 hour to close above the resistance (>0.0003375) to maintain uptrend potential otherwise we may be in to visit 0.5 fib retracement
XTZ finding support at previous resistanceXTZ seems to have found support at previous resistance for now.
XTZ bearish fakeout outlookXtz escaped his bullish pennant with a real hard bear work...
however, decreasing volume might hint us about this move to be very weak and not sustained.
Price will most probably catch up later tonight.
