XTZUSDT
Tezos (XTZ) - July 12Hello?
Dear Traders, Nice to meet you.
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I go on vacation from July 13-15.
Charts can be posted from the 16th.
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We received support from the downtrend line (2) and rose.
We need to make sure we can get support by rising above 2.7490 points.
We need to make sure we can rise above the downtrend line (3).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
XTZ/USDT BINANCEOnce the price broke the yellow downtrend line, we saw a little pump.
volume is rising.
Those four lines shows the huge pump is coming, a big price change let's say...
Also a parallel uptrend channel has formed, showing uptrend.
Fibonacci retracement shows late entry point, but still fair enough.
$3.18 USD (5.01%)
0.00034880 BTC (5.83%)
Market Cap: $269,491,998,861
24h Vol: $59,082,642,236
BTC Dominance: 62.4%
Good Luck
$3.10 must be brokenTezos finds itself at a most critical juncture. $3.10 is possibly a more challenging resistance level for Tezos than $2.00 was earlier this year. The fact that xtz has not pumped above $3.10 yet during the recovery gives me hope that many of the would-be sellers on the ride up are exiting here. Thus, if we can get past this level many of the sellers will have left, clearing the way for buyers to take over the market.
The longer the battle for $3.10, the greater the odds that $3.10 shifts to firm support. Sustain a break above $3.10 and this is where things should become fun.
XTZ ready for a breakout to test previous highsThe Orange Line has been a strong support and resistance line so far in 2020. Yesterday's close broke above the resistance line and we retest it again now. Holding a close above the line should allow us to move towards the next resistance around $3.16 and if that breaks, then to test the previous highs around $3.6-$4. There is room in the RSI on the daily for a run up as we now break the resistance line in bullish territory but not overbought. Look for a big parabolic run in the next week.
Unhealthy price action XTZIt can be seen that XTZ is extended way beyond the Gaussian channel on the monthly chart
Meanwhile REP can be seen to be sitting directly in the middle of the channel, which I consider healthy.
This is the monthly chart, momentum may carry XTZ. But I wouldn't be going long.
Tezos (XTZ) - July 4Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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You should see if you can get support on the downtrend line (2).
If it rises, I think it is possible to make a U-turn with support after rising above 2.4614.
If you fall on the downtrend line (2), you are likely to touch below 2.18.
If you get support in the 2.0706~2.18 section, there is a possibility of sideways.
If sideways is possible, I think there is a possibility to shift to an upward trend.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Tezos (XTZ) - June 25Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to make sure we can get support at point 2.5894.
In addition, you should also be able to climb above the 2.7490 point.
If you fall from the 2.5894 point, you must get support at the 2.4614 point.
If you don't get the support, I think you are likely to fall below the downtrend line (3).
-------------------------------------------------- ---------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where the counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section