XTZUSDT
Tezos (XTZ) - October 11Hello?
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Make sure you can get support at point 2.2080.
We need to see if it can rise above the MS-Signal indicator.
It remains to be seen if it can rise above the uptrend line (1), boosting expectations for an uptrend.
In order to turn the trend, it must rise above 2.5978 points.
If it fails to break through the MS-Signal indicator, the downtrend is expected to continue, so I think split trading is necessary to preserve profit and loss.
We recommend that you refer to the support and resistance points or intervals in this chart while checking whether BTC price has risen and USDT dominance has fallen.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Short consolidations before the power move on XTZUSDTWith prints of XTZUSDT from the weekly, I see the market moving towards an order-block at the horizontal line drawn. Moving towards the daily, we see the market trying to consolidate whilst covering FVGs on that path towards the order-block above found in the rectangle there (which was responsible for the impulsive move downwards), after which it's likely to reject that zone and make an impulsive move down towards the horizontal line which is support(order block) on the weekly. It's also good to note that divergence was seen on the daily signaling a possible reverse in trend so try not to ride it too short. A break in market structure (If it breaks out the order-block, the rectangle on the 4H TF) from the 4H TF should initiate the consolidation move up drawn from the daily. Happy Trading, stay inspired.
Bearish pattern breakdown and support levels to watch out for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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XTZUSDT Symmetrical triangle, prepare for break out *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. ***
XTZ
Probable
- Long term symmetrical triangle
- EMA’s bearish daily, 12hr & 4 hour
- Looking for a BCR within the yellow box zone
- 2 short targets
Possible
- Squeeze tighter into the point of the triangle
- Watch to see if we create HL within there for possible bullish trend change
- Watch EMA’s to see if they start to turn up and cross bullish
- Wait for BCR of resistance outside of the triangle
- 2 long targets
XTZ 6h. Buyer's weakness will push the price to $1.9Consolidation in the XTZ market lasts exactly one month. The month after the XTZ price fell by 56%.
The main achievement of buyers for all this time is the test of critical level $2.4 . However, this local upward trend has deep corrections and is not at all the slope angle that could inspire for reversal.
If we look at the situation locally, the critical point for the downward trend from 14 October is at $2.25.
We can’t see interested buyers in XTZ yet.
The coin is spilled on both the growth and fall of BTC.
We assume that the fall will continue first to the level $1.92 , where the price has already been stopped twice.
The zone where buyers' interest may appear is $1.72-1.77.
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XTZ.USD (Y20.P4.E1).StalkingHi,
Another one to stalk, looking for confluence with the levels for a small trade.
- Nice macro pullback;
- Bullish on the daily indicators;
- Possibly a bottom breakout formation, like BNT (previous post);
- Opportunity to trade it as a breakout option.
Like KAVA
Regards
S.SAri
XTZ LONG Boom If anyone looking long term profits XTZ is perfect we can see lower line bollinger band touch and rebouncing targets for this 4.5 for short term and 6 is for medium term and long term who is looking for huge profits in bull market target is above 12 we can hold and relax for spot traders
It can be the best buying opportunity at this supportPrice action of XTZ has found a very long term support on weekly chart. And this time priceline is again moving down towards this support.
On daily chart the priceline is moving within a down channel. The moon phases indicator is showing new dark moon appeared above support of channel and new full moon is at the resistance. The priceline is likely to be rejected by the resistance.
On short term 4 hour chart a perfect down trend can be seen.
On more short term hourly chart the priceline was moving in an up channel but broke down the support of this channel as well.
Conclusion:
On short term charts the priceline is turned bearish. On daily chart it is likely to move down after being rejected by the resistance of the channel. On long term weekly chart there is more cushion to drop more up to the support of long term support. Therefore when Tezos will be at the long term support that can be the best buying time.
XTZUSDT moving down to Supports @ 1.9, 1.6-1.7 & 1.2As stated in my previous post, XTZUSDT did not stay above the diagonal lines and wasn't supported by the rings either, so bulls failed to hold. Currently XTZUSDT is heading down to 1.9 support, and may consequently move down to support rings at 1.6/1.7 and possibly move to 1.2 support if bears win! #TradeCarefully