XTZBTC Tezos potential Cup and Handle In the making *LongThis is a premature idea, but food for thought.
We see Tezos has made a nice broad cup formation and has retraced after making a double top which coincided with BTC's recent pump.
Ideally support will form around this current area before this pullback goes to deep, which would invalidate this idea. But as of right now, stoch RSI levels look close to resetting on the daily time frame and BTC appears to have cooled off momentarily. Would like to see a volume surge as well.
The hope is that an alt rally will soon be sparked, as the market price action has been muted by BTC's rapid rise.
Safe bet would be to layer in small buy orders in the 2800-3200 area. Or wait for a strong daily close above the neckline of the cup.
This has the potential to be an insane profit opportunity.
As always, this is not financial advice. Trade carefully.
XTZBTC
Where to buy XTZ?Hello Traders,
XTZ was on a bullish trend before the bitcoin pump moviment, and now is showing us double top formation, so where to buy this asset?
Based on Fibonacci Retracement toll we a have a possible buying points, now we are testing the first Fibo level, and only 10% of times the price retrace to this level and start a uptrend moviment, the best place to buy is on 0.5 fibonacci retracement level.
But we have a possibillity to test the important support level one more time.
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XTZ.D - risk to rewardRisk to reward for a roll over down is better then for a continued breakout here , imo:
Resistance to both BTC and ETH on so many levels.
Also, overbought on multiple time frames to BTC, ETH, and USD.
Could sell to:
1) Btc dominance hold
2) Btc halving effect
3) Eth dominance breakout
4) Flight to safety fiat, commodities if total crypto turns risk-off
5) Other alt breakout setups. musical chairs.
Also, still watching crypto coupling with equity markets..
That said, consolidation here is bullish, as is any highs above March / Feb highs to BTC.
XTZ overdue for a correctionA parabolic curve shape is usually a sign for accelerating bullish momentum, the exponentially increasing nature of the curve results in a break of the trendline eventually. This should ideally result in correction as the bulls cannot sustain the absurd growth anymore, this works well as ETH and other cryptos are also ripe for a correction.
Therefore I'm not saying XTZ is looking bearish, but that its quite likely well see a correction no matter if with a break of the parabolic curve or without.
Best of luck trading!
*Personal views no trading advice*
XTZ bullish chart
XTZ seem like will be pulling back a little to test 2900-2850 support. But in general look bullish. One of most interesting charts among big cap alts, together with BNB. Therefore this pullback should be considered as a chance to buy more.
The following SR zones are good for buy/sell targets.
Support: 2900 - 2850 - 2770 - 2656 - 2570
Resistance: 3070 - 3200 - 3380 - 3540
XTZ retest of the daily channelXTZ is one of the most bullish alt coins in the moment, broke up the daily channel, had a retest of the upper line and now going to the high of the move. There's no resistance until the $3.30 area, had a 168% up from the lows. XTZBTC is 14% away from the all times high.
XTZUSD Inverse H&S Patters, long setup!Hy guys!
Checkout this beautiful inverse Head&Shoulders reversal pattern, started to form at the daily flipzone(Head) and at the moment price seem to finish a kind of right shoulder situation at the downtrendline on the 1h timeframe! Wait for the Breakout and you can consider to buy into a long position.
Please also notice that the daily candle from yesterday closed as a bullish Pinbar, which adds strong and additional confluence that the mission to Andromeda continues! :)
Comment, like and engage. I am happy to answer any questions!
Good luck!
Tezos (XTZ); Can the Bears Stop this Tezos Run?
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Hey gang! Today we see Tezos in an uptrend and showing no sign of stopping. Let's take a look at some levels and see if we can't find an entry.
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STRATEGY USED:
Range Retester
Trend Confirmation = Directional Bias
Entry Signal = Orderblock Mapping with or without retest of Directional Bias Range
Exit Signal = Triggers OR Directional Bias OR Orderblock Mapping
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1. Directional Bias is showing an uptrend (Teal bar color) for XTZ/USDT on the 1 hour chart.
2. With this strategy we want to enter on retests of ordeblocks while in an uptrend (Teal bar color).
3. We are first and foremost looking at S1 support for an entry due to the bullish orderblock and prior swing highs that should soften any type of dump to that level.
4. Next level we would be looking at S2 support. The idea here is to front run the top order block to ensure an entry at that level in case anyone has their eye on it.
5. Either setup is valid and depending on what risk:reward you are looking for, R1 and R2 are both valid ranges to consider an exit using the bearish orderblock clusters.
6. Alternatively we will exit if Directional Bias shows a downtrend (Maroon bar color) or scale out if we get an L tp (long take profit) signal from Triggers.
XTZ - 25% - 35% Trade - 6R#XTZ - just closed a nice trade on XTZ & this is what i'm looking for to open a new one.....
Flip this blue to support or retrace back to lower blue support
2 setups... Use risk management.
image]https://www.tradingview.com/x/7S63alqS/
BINANCE:XTZBTC
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XTZ/BTC What a beautiful uptrend patten ! XTZ/BTC in a beautiful uptend patten. It is so bullish even BTC and other coins are in the side way or bear market.
Sooner or later it will pass the last ATH and keep going up, the odds is favor the upside. If you do want to catch the bus, I will recommend take some profit in the previous high, and leave the rest of the money till it reaches 1.618 Fib level. Why, because last time, it reaches the same 1.618 level based on its previous high and low.
XTZ 1D - Rising WedgeBest target is 0.23 FIB retracement if breakdown occurs.
I've put in Pink SPX price which is going very similar those days.
Tezos Following The Bullish PathTezos (XTZBTC) so far is looking strong and solid in the change of course, at this rate it can continue growing slowly and steadily until a strong move shows up.
If momentum is lost, we look at support in the form of EMA100.
Above this level, we remain bullish and below it, we start to consider the bearish scenario.
Only if prices break and close below EMA10 we consider the potential to have been shifted towards the bears/red.
Any trading above EMA10 and we remain fully biased towards the green/bulls.
Here is my previous analysis if you would like to see more:
Thanks a lot for reading.
Namaste.