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XTZUSDT

XTZUSDT Macro Levels| Declining Volume|.618 Fibonacci ResistanceEvening Traders, Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested. Points to consider, - Trend bullish (consecutive higher lows) - Trend line support holding true - Current resistance .618 Fibonacci - RSI above 50 - Stochastics projecting down - Declining volume XTZUSDT’s trend has been putting in consecutive higher lows, now trading in a range between two important levels, monthly resistance and daily support. The current trend line support is holding true, a higher low projection will be at play until the trend line has been breached. Immediate resistance, the .618 Fibonacci is to be breached for a test of monthly resistance; price has been rejected multiple times. The RSI breaking below 50 will negate any bullish bias in the market. The stochastics are projecting down, this a sign of momentum shifting. XTZUSDT’s volume is clearly declining, an indication of an influx in volume being imminent as key structural levels get tested. Overall, in my opinion, XTZUSDT is approaching a key technical level where a break will be imminent. A long trade will be valid above monthly resistance. Breaking below daily support will validate a short trade. The break needs to be backed with increasing volume; this will help avoid fake outs. What are your thoughts? Please leave a like and comment, And remember, “This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.” ― Mark Douglas
by AzizKhanZamani
Tezos (XTZ) - May 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. -------------------------------------- Points to be supported by ascent: 2.7490 points I think it is a U-turn point where there is a possibility of further rise if it can be supported by rising above 2.7490. If you fail to rise above the downtrend line (2) and fall, you need to make sure you can get support at the 2.5894 point. ------------------------------------------------ ** 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
by readCrypto
Tezos; Easy Money, Easy Life? | TEZOS ($XTZ)The exchanges love Tezos, Chainlink fans love Tezos, the bulls love Tezos, FA is bullish, and TA is bullish. With staking and transactions up, and with price continuing up too, what choice do we have but to show some love to the XTZ bulls with our own long setup. Resources: bitcoinexchangeguide.com + www.coindesk.com + bravenewcoin.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Navy bar color) on the 4 hour timeframe. This is indicative of the long term bullish price action on XTZ. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy line color) and/or bullish S/R levels plotted by Directional Bias (Navy line color). 3. Right now we are looking for a long entry off the S1 S/R flip + orderblock cluster which we expect to act as support if the uptrend is to continue short term. 4. Our stoploss is placed just below that level. 5. Our target is the R1 bearish orderblock formed by the highs of the previous price structure. The trade here is straightforward, buy the next available support and long until the next notable resistance with a setup that gives us a nice R:R. Good luck fam!
by AlphaBotSystem
3
Tezos (XTZ) - May 19Hello? Dear Traders, Nice to meet you. "Like" is a great power for me ("Like" gives me the power to post charts). By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- The uptrend line (1) and the downtrend line (2) intersect on May 21st. We need to see if we can get support on the uptrend line (1) today. You should also see if you can rise above the downtrend line (2). After May 21st, I think it is important to be able to rise above the 2.7490 point and follow the uptrend line (1). If it falls below the uptrend line (1), it must be supported at 2.5894. ------------------------------------------------ ** 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
by readCrypto
Tezos (XTZ) - May 14Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. We will try to reciprocate with better information. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- You need to make sure you can climb above the 2.5894 point. If it falls below the uptrend line (1), we believe that trading is needed to preserve profit and loss. If it rises following the rise of the BTC, it is expected that near 2.7490 is the maximum ascent. In May, we marked the date you should be interested in. ---------------------------------------- See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart. 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 where purchase is possible to generate profits as a support point or section
by readCrypto
Tezos (XTZ) - May 10Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. We will try to reciprocate with better information. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Bitcoin Halving has about 3 days left. I think it is necessary to prepare for the sudden movement of BTC. We need to make sure that it rises above the 2.7490 point and creates a closing price for the 1D chart. You should also check if you can get support above 2.5894. I think there is a good trend to see if the balance of power can change from the selling trend to the buying trend. In order to ascend, the closing price of the 1D chart must be created above 2.4614. However, if the closing price is generated near the 2.4614 point, it is not expected to increase much. I think it is likely to fall again near the downtrend line (2). ---------------------------------------- Rather than deciding to which point it will rise, I hope now that we can decide where to keep our profits and losses and close the upward trend with good results. ---------------------------------------- See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart. 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
by readCrypto
16
Tezos (XTZ) - May 6Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. We will try to reciprocate with better information. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Bitcoin Halving has about 7 days left. It is expected that this week will be flown to decorate the finale of Bitcoin Halving. We need to make sure we can get support from our current location, 2.7490. I think it is an important location for future direction determination. If you fall below the uptrend line (1), you are likely to touch below 1.6549. ---------------------------------------- Rather than deciding to which point it will rise, I hope now that we can decide at what point we should preserve our profits and losses and close the upward trend with good results. ---------------------------------------- See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart. Description of abbreviations shown in chart R: Resistance point or section, where a 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
by readCrypto
1