XTZEUR
XTZUSDT Pullback and BuyHey guys
Whats up ?
In here we have a amazing chart and coin
From some days ago the correction was finished and the trend was changed
At now we are in upward trend but we need pullback the we can take long position and buy
we shown on chart two zone for buying , why two ?
because we are in pullback and we dont know where the pullback wanna finish and continue the trend
Because of fundamental of XTZ , the technical , the bullish market we can HODL XTZ for 3 to 6 months it can be surprise all of us
we should take signal and then entrance the position and buy
we shown a orange circle zone on chart , until the lower price with shadow of candle dont break with candle close below them the upward trend is valid and fall down the price is pullback
if you have any question about any analysis you can send me a mesaages
Good Luck
Abtin
XTZ - Time to close positions - Trend ReversalHi,
There is now 3 targets to close short poistions.
1 is safe and right now.
2 has good luck to happen when we look at the volume divergence right now on this mini ascending channel.
3 is the main support, the best point to close. (the second point of a double bottom in weekly chart).
Then we switch to long position, with a safety stop loss, because the weekly chart is an ascending channel, and 9 time over 10, ascending channel will finish in a breakout from downside. But I think we are on the 3rd movement, we will see that at the 5th one.
Have a pleasant day,
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
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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/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 $4
XTZ 1D - Rising WedgeBest target is 0.23 FIB retracement if breakdown occurs.
I've put in Pink SPX price which is going very similar those days.
XTZ - Future is nowThe breaking is coming very soon!
Are you short or long. I'm 50,1% short in middle term with a retest and confirmation of 1$ 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.