XTZUSDT
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?
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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?
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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).
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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 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
Tezos (XTZ) - June 16Hello?
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It fell below 50 EMA.
If you can't quickly rise above 50 EMA, you're likely to fall below 100 EMA.
One hope is that it is still on the downtrend line (3).
We need to see if we can get support and rise in the 2.4614~2.5894 section.
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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 where purchase is possible to generate profits as a support point or section
XTZBTC Best Entry for Long setup and I can expect New ATH#XTZBTC TA Update:-
#XTZ still looks bullish and i can expect Big Spike from here.
So i am buying more at this level.
New entry: - 2900-2950 Satoshi
Targets:- 3156/3930/ATH
Stop Loss: - If any Big Time frame candle close below 2850 Satoshi then better to safe Exit.
Otherwise hold for huge profit.
Huge Profit > Minor Loss.
Support: - If 2850 Satoshi breakdown then I will Extremely bearish on #XTZBTC and My Target for Short would be 2400/1600 Satoshi.
Resistance:- No big Resistance we need to breakout only 3200 Satoshi for New ATH.
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XTZUSD: Analysis using Ichimoku 10/06/2020H4
The price is trading below the Ichimoku cloud but above the trend line. RSI is in an undefined state.
Conclusion:
We recommend you to pay attention to the timeframe H1.
H1
The price fluctuates around the Ichimoku cloud. Visually, you can see a graphical model of the "triangle". Formed convergence between price and RSI.
Conclusion:
We recommend buying when the RSI is oversold. Next, you should trade according to the rules for working with the triangle model and using reverse stop orders, instead of stop losses (applies to sales).
Good luck!
Tezos (XTZ) - June 9Hello?
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It is gaining support and rising at the 2.8886 key point.
I think we need to be well supported at the 2.8886 point in order to break the 3.0418 point.
The current location is also quite high.
Therefore, we believe that careful trading is necessary.
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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 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
XTZBTC LTF Update Bullish#XTZBTC Chart Analysis:-
#XTZ Now trading at 0.0002983 BTC
Short term 4 hours chart update :-
#XTZ now trading at support level.
So i am going to buy some #XTZBTC here.
Entry:- 0.0002983 BTC
Target:- 0.0003253 BTC
Stop loss:- 0.0002906 BTC
Best Stop Loss:- If any 4 hours candle close below 0.0002930 BTC then you can exit manually.
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