XTZUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 7 and 8
after first target reached move ur stop to breakeven
stop: ~4.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2+
Good luck everyone!
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XTZUSDT
XTZ/USD - Huge ascending channel, major resistance ahead!Tezos has formed for some time a major ascending channel which indicated a bullish trend (higher lows and higher highs, see yellow arrows).
The indicators on this weekly timeframe are also quite bullish with MACD, volume and RSI looking great.
For this reason, I can see XTZ re-testing our major resistance or the top of our ascending channel. This is at least a nice +40% gains left.
Once there, time to be careful and secure profits, you don't want to hold at those levels.
The major recovery from our flash crash last week is also a sign of strength (see that massive green wick of +40%). Not bad. Hence, I expect continuation of this price action until we hit resistance. Then it's time to re-assess.
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XTZUSDT TECHNICAL ANALYSIS Tezos (XTZ) has gained over 29% last 24 hours and we got some signal from our robo advisor. The candle already break out down trendline and resistance line and still staying above to up trend line. If new candle stay above the resistance line (this mean resistance line will may change to support line) and next candle open close completely above the down trend line, it may some opportunities for buy. But we need to do really careful on our trade as well. Let’s follow our chart closely.
“NFA”
XTZ - potential trade ❗❗A potential XTZ deal.
Accumulation
Price squeeze
Higher lows
Potential target marked above
Buy after a breakout or retest of the $5,6 level as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XTZ Buy a break setup.XTZUSD - Intraday - We look to Buy a break of 5.781 (stop at 5.588)
Daily signals are bullish.
There is no indication that the rally is coming to an end.
A break of bespoke resistance at 5.750, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 6.348 and 6.448
Resistance: 5.750 / 6.000 / 6.125
Support: 5.400 / 5.300 / 5.000
My Golden Rules - using XTZ for Analysis ExampleTimeframes I use 5min for this but unable to publish at those lower timeframes but I've found an example recently where the rules lined up on 15m timeframe.
Step 1 - 2x MTF EMA (one set at 60min with 50EMA and the other set at 15min with 50EMA) The 15min must be above the 60min for a LONG
Step 2 - Looking for Lower Lows on the chart
Step 3 - MACD making a Higher Low below the ZERO line matching with the charts Lower Lows. The line should not cross the zero line between these two points
Step 4 - Check Stoch RSI at at min. 1 HR time frame (looking between 0 -20) and on uptrend
Step 5 - On first green candle (circled) to upside on MACD is the purchase zone. In this example it is shortly before the break of the downward trendline. Also possible to wait for break of line and buy on retest.
Step 6 - Set SL below the support line no more than 2%. Set profit target - usually take 3:1 R:R
Step 7 - Sit back and watch those nice green candles climb!
Can easily get stuck in charts at the lower time frames so be sure to always ZOOM OUT to 1hr / 4hr to get a better overall picture. Some Simple Gap Analysis can help to confirm the next general direction
Took me a month of gamble trading winners and losers to come up with this set of Golden Rules.
Don't forget Bolinger Bands! great for 1% snipes :)
Good Luck
XTZUSDT (Tezos) : TP1 Reached ✅ 🚀+30% ✅ 🚀Last Analysis in 21.Aug.2021 : Let's buy Some #XTZUSDT (Tezos) , Shall We ?? Great Move Starts From Yesterday ... After The break we can add some more ...
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Now : TP1 Reached ✅ 🚀+30% ✅ 🚀
Let's go for the Second Target ...
Tezos (XTZUSDT) Breaks Resistance With Force, Can Go Higher! 75%Just as we saw with Siacoin vs Tether (SCUSDT), the same is happening with Tezos (XTZUSDT) but here things are looking better.
We have the highest green volume on the daily timeframe since May.
Prices moved above all EMAs and today, finally, above the MA200 black line.
The really high volume and strong RSI support this move...
What this means is that additional growth is possible, but consolidation is also possible before the next move.
On this chart, I am giving you the support levels as well as the target for 75% but there can surely be more.
This is all shared for your own learning, entertainment and fun.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Update For XTZ/USDT Analysis
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for XTZ/USDT, the price is trading around 4$ .
Tezos has been able to crawl itself up and raise in an ascending channel , Although itwas able to achieve the desired goals as I predicted in the recent rally, but we have not seen a strong uptrend from it compared to other altcoins on the market. The price has recovered after falling and hitting the bottom of the channel and reached above the EMA20 and 50 , which is an upward sign for it.
It also has green support around $ 2.5-3 and I do not see significant resistances up to $ 6.6. If the Altcoins market becomes too bullish ,it can handle the middle of the drawn channel, even reach the its upper ceiling in the long run.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
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XTZUSDT🌟Tezos began the cycling of rising recently and its now in a good shape to enter or invest for long term situation
🌟the cycle will have some pullback and dips too but the overall bias is certainly bullish and heads for our targets
👉This idea has the confirmation of "advanced price action" 👍
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