XTZETH - A Closing of Trend Lines Indicates One ThingTaking a look at Tezos and we can see clear trend lines both above and below the current market price - we've had some cracking trades through Crypto Tipster v2 over the last few months and years and this could well be another one!
After a little fakeout on the downside we're now trending back within the historical range with one target to aim for - the top of the trend range!
There's a few areas of resistance that we could be aiming for, but only one of these corresponds with that upper resistive trend line @ 8513.
This represents a very handsome 25% gain through until mid March sometime, we'll be sure to keep you guys updated with this one!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
XTZETH
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.
ADAUSD - short-term bear over weekend and start of next weekThis analysis is by no means a guide to just ape in and hold without checking the charts every hour or so.
I would not be surprised if ADA decided to find some refuge ~10% lower than the publish time.
This is the daily chart on ADAUSD, showing some indecision dojis but ideally I'd like to re-enter around 2.6 to 2.65, or rotate some of my ETH into ADA.
Will publish a chart for ADAETH later today to discuss some interesting ranges to explain my reasoning, but in order for ADA to make more explosive
gains on smart contract release, I hope to see strong support in this 2.57 to 2.64 range (indicated red horizontals), to build a double bottom and
breakout from a flag.
ADAETH displayed a massive arbitrage trade during the last ETHUSD pump to 4k (which almost fit my previous analysis of ETHUSD, albeit took time).
In the ETHUSD hours where it pumped to 4k, interestingly, most other major alts displayed the same attitude, as well as CHZ and XTZ (which I was
looking to enter a short-term short amidst all the NFT noise).
#Tezos / #Ethereum Traffic Lights! Wedge, Measured Move (looks so large as on log chart).
Key levels in traffic light fashion.
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! :)
``````````````````````````````````````````````
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/BTC (Strong Key Support)XTZ/BTC
-Tezos confirms the previous key support at still valid today
-The price manages to recover from its drop recently
-It is now approaching the trendline resistance
-This is very crucial if XTZ can break outside this triangle pattern
-If you are looking to buy a position, I recommend waiting for the breakout
-Because this will give a strong bias that the trend is ready to reverse
-Since there is no logical resistance, Fib reverse extension is used
-Target is up to .618 reverse Fib which is located at around 5100 sat range
XTZ/USDT (Approaching Key Trendline Resistance)XTZ/USDT
-the price is approaching the trendline resistance again
-technically, we are in a bullish market
-as the price action is above 200ma
-our objective is to look for Long entries
-if we can close above this line resistance
-opening a Buy order is the best position
-upside potential is the key swing top at $4
#Tezos / BTC Tezos made a fantastic spike
We still expect that the rise has not ended and will continue to rise to respectable prices, as shown in the drawing
A good buy is on the trend line
If the trend line is broken, this idea will be canceled
Please support this idea by pressing the like button
Take Care
XTZ.D - risk to rewardRisk to reward for a roll over down is better then for a continued breakout here , imo:
Resistance to both BTC and ETH on so many levels.
Also, overbought on multiple time frames to BTC, ETH, and USD.
Could sell to:
1) Btc dominance hold
2) Btc halving effect
3) Eth dominance breakout
4) Flight to safety fiat, commodities if total crypto turns risk-off
5) Other alt breakout setups. musical chairs.
Also, still watching crypto coupling with equity markets..
That said, consolidation here is bullish, as is any highs above March / Feb highs to BTC.
XTZ 1D - Rising WedgeBest target is 0.23 FIB retracement if breakdown occurs.
I've put in Pink SPX price which is going very similar those days.
XTZ - Future is nowThe breaking is coming very soon!
Are you short or long. I'm 50,1% short in middle term with a retest and confirmation of 1$ bottom.
Share your POV
XTZ - Market Cap - 4H - Possibilty of (ugly) H&S + Chart choose1) We can see a forming H&S, which is not perfect and not confirmed yet. The first shoulder does not look well, but the forming second looks more nice.
What is interesting is the price target after this H&S could fall perfectly to a good support line.
There is also some support/resistance zone to cross before reaching this point.
2) Why do I use XTZ Market Cap chart instead of pairs?
XTZ volume is still low and is splitted in different exchanges and pairs.
Some pairs like XTZ/EUR on Kraken has a very low volume in important moments. I've been several times been false with my trendlines because the volatility makes me wrong with lower or higher candles compared to other pairs.
XTZ Market Cap chart is like an average of all charts and reflect, in my opnion the best trend possible. We can use it for H4 and more timeframe for the big trendline then we can switch to our trading pairs XTZ/Currency (not working for XTZ/CRYPTOCURRENCY!!) for the lower timeframes and goals.
Market Cap XTZ - 1D - Two major resistancesPink Trendline Resistance
Fibo 0.3 resistance
Stochastic is oversold.
Be very carefull if you are bullish on this one.