XTZ - 6h. Ahead of $9 for Tezos?In just 5 days after the publication of our previous idea , the XTZ price reached the target:
Buyers managed to cope with the range of $4.9-5 . Although after the breakdown of this range, the buyers could not hold it, but the price found support a little lower. As a result, on April 4, the price of XTZUSDT increased by about 40% during the day.
It is worth paying attention to the trading volumes, thanks to which buyers were able to renew the high:
As you can see from the chart, the sellers' stop orders helped the Tezos price rise significantly. However, the sellers' attempt to return the price below the critical range of $5.4-5.65 failed. Although, despite the trading volumes, which sellers wanted to regain control of this range, they had serious intentions. The fact that buyers withstood such a blow at the highs indicates that they are serious about continuing the growth of the price of XTZUSD.
At the moment, the XTZ price is trying to break through the range of $6.65-6.95 . If buyers fail to take control of this range the first time, we will expect a local correction to the mark of $6.3 From this point, buyers will be able to continue the growth wave with an ultimate target of $9
An alternative scenario of the beginning of a global correction in the XTZ market will begin after breaking through the mark of $6.3 . The likelihood of this scenario is increased by low trading volumes in the current wave of growth. Considering the situation on the BTC market , where the price moves in a global wedge, XTZ buyers may not have enough strength:
Nevertheless, this is an alternative scenario for now and we expect the growth trend to continue in the XTZ market.
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XTZUSDT
Wallet pumper🚀Hey, wolves🔥
There is a new formation only for you!
What do you think? Where the price will go this time?
Is it wedge or three falling peaks?🧐
It depends on breakout direction
Previous bullish sentiment was broken and now the price started to fall.
Let's follow the chart together and for the breakout carefully.
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XTZ and the Elliott Impulse WaveXTZ Day Time frame:
I believe XTZ is entering Wave 4 of an Elliott Impulse Wave. Should retrace some but with EWT, Wave 4 has to respect top of Wave 1, so we should not retrace below 5.50-5.88 price range. (HODL or good BUY opportunity) Once retrace completes we begin the final climb to the top of the EW where some type of Elliott Correction Wave (ABC) will bring us back down.WHERE YOU ASK... I suspect somewhere in the neighborhood of $6.00-7.50 range where we currently are sitting.
Just my thoughts, please share yours!
Thanks for the reads, and likes, and follows!
AND REMEMBER, DON'T CHASE IT, RETRACE IT!
XTZ/USDT : Breakout from bearish trendline BINANCE:XTZUSDT
Hello everyone 😃
XTZ had a breakout from bearish trendline on low TF.
Now MACD is having a bullish crossover.
There are two located supports at 6.5$ and 6.3$ zone...
Also MA 100 is reaching movement and Volatility seems fine for more couple of bounces in next daily closes !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
XTZ.USD (Y21.P2.E2).Now is this the beginning of a PHi Traders,
The story continues and hence an continuation post.
It has the makings of a parabolic cycle and hence I will be tracking to see if this is the case and go lone until it says no.
My plan would to take profit out and let the rest run.
Here is a previous fractal to use as a reference and you decide.
All the best,
S.SAri
PREVIOUS POST
Parabolic foundations
HOLD XTZ .... Tezos in 2 digits soon (+150%)as we can see right now Xtz was accumulating since 2019 and tried 3 times to broke this resistance and it didn't pass through,however from 3 days it managed to break it!
we can be sure that's not a fake breakout as we can see a full bullish daily candle closed above the resistance line and it tested it one time as a support and it worked.
now we have as a strong support we can depends on.
my advice to not lose this opportunity and for holders buy more safely.
✅ Buy: 5.90 - 6.50 ✅
🎯TARGETS:
1- $9.400
2- $12.90 (take profit for 70% -80%)
3- $16.00
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $4
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XTZ/USDT TA Update after broke our All time Resistance#XTZ/USDT TA Update:-
$XTZ currently trading at $6.16
And $XTZ supper bullish because broke out all time resistance level.
Now no resistance upward.
Entry:- $5-$6.10 ( partially)
Targets:- $8/$10/$13
Support:- $5
Resistance:- No resistance
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XTZ.USDT (Y21.P2.E1).Macro fractalHi Traders,
I recall this fractal on BTC around the 10k mark and this price action has a lot of similarities.
2 scenarios:
a) as per fractal and b) next chart below
I am leaning towards OPTION A) because of the indicators showing downward pressure and the support level makes sense.
Cheers,
S.SAri
OPTION A) as per the main post and this fractal
OPTION B)
XTZ - 6h. you need to wait for consolidation above the $4-4,5Slowly but surely, buyers have regained the initiative in the XTZ market. Having started a new wave of growth after a strong price correction on February 22-23, buyers managed to gain a foothold above the important range of $4-4.5 . This range was strongly defended by sellers in 2020:
However, only last month, with large volumes, b uyers managed to break through this range and catch the sellers' stop orders. Control over the price zone of $4-4.5 in February remained with sellers. After repeating a similar attack in March, but at low volumes , buyers managed to close the monthly candle above this range. Thus, we think that the majority of sellers have left the market and there is no way for the XTZ price to continue rising.
The final confirmation of this may be the price re-correction to the $ 4.5 mark. The first local target is $6.3.
Below $4, buyers will lose initiative and retreat to the range of $3-3.1. However, given the prospects for BTCUSDT to renew its all-time high and test the range of $65,000-75,000 , this negative scenario remains an alternative.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
XTZ still following the planAs the market is seeing a red day, Tezos follows. Volume is still high though.
- Touching $5.36 resistance turned support
- 50 MA served as support 3 times
- MA's going further apart
- RSI still setting higher lows
Possible resistance @ $6.6, but I expect we can see a clear rally towards $7.30
Do you have a position in XTZ?
XTZ/USD - Can we push above resistance? 😅XTZ has performed very well lately and now we have attempted to push above this major resistance line that has pushed price back every time to date.
It would be very impressive for us to push higher here and make this resistance support, that would be extremely bullish. This is possible, considering how bullish the alt market has become. However, I will not call it until we make this line support.
So far the resistance has done its job and pushed us back on lower timeframes.
Nevertheless the momentum on daily remains very bullish and we can have another attempt. Volume is also looking healthy, therefore, keep you eyes on XTZ as we may have a major breakout if we pass this key level. Bias remains bullish.
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