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XTZBTC trade ideas

XTZBTC Key Support| Local Resistance| Lower High?Evening Traders Today’s Technical Analysis will be on XZTBTC that has been in a strong bull trend, a correction and a retest of the .382 Fibonacci is likely before a continuation. Points to consider, - Bull trend intact – consecutive higher lows - Key support (.382 Fibonacci) - Local resistance to break - RSI correcting to support - Stochastics projected down - Above average volume - VPVR decreasing in volume XTZBTC has been putting in consecutive higher lows keeping the bull trend intact, it has tested the .392 Fibonacci as the new potential higher low. The .382 Fibonacci is a key support being in confluence with the structural horizontal. Local resistance is a key level to break for the market structure, this will allow XZT to leave current trade range. The RSI is correcting to neutral territory from overbought conditions, healthy to see in an uptrend. Stochastics on the other hand, is to correcting with stored momentum to the downside. Volume nodes are clearly above average, this needs to sustain for a continued bull trend. The VPVR shows low volume of transaction below key support, a break to this support can propel XTZ to test lower regions. Overall, in my opinion, XTZBTC is putting in a probable lower high in this will defined trend. A break of ley support will increase the likely hood of a higher low – first signs of a trend reversal. What are your thoughts? Please leave a like and comment, And remember, “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
by The_Alchemist_Trader_
XTZ Long to All Time HighTezos (XTZ) is showing bullishness. Price just closed above the 0.236 Fibonacci and the blue box of peace and prosperity. Price will likely continue its journey to the moon. We just closed a 4H above the blue box of peace and prosperity, therefore, price action is very likely to hit the next blue box of peace and prosperity and beyond. If the bulls stand strong at the next blue resistance box, then one should consider closing out the position to lock in profits. --- Entry: 0.0003624 Entry Zone: 0.0003668 - 0.0003648 T1: .0003671 T2: 0.0003720 T3: 0.0003835 T4 :0.0003943 T5: 0.0004073 Stop: 0.000354 -- R:R: 5.35 Risk: 2.32 Reward: 12.39 Leverage: 3X Leveraged Risk: 11.6% Leveraged Reward: 37.17% --- Disclaimer: This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Long
by CryptoGuru369
XTZBTC Tezos ChartTradingview Free Tools that I Use: EMA 8 (shows the moving average--in this case, for every 8 days) EMA 48 EMA 200 Fib Retracement A good way to pick out support/resistance levels -- pay attention to where these line up with, or are close to, big round price numbers that people tend to use: on this chart, 0.00038, for example. Volume Buy or sell volume should increase decisively--because people take sudden interest--when the asset is about to break through support/resistance levels or trendlines . Volume should confirm what you think is about to happen, and can be used to note divergences. RSI Not shown on this chart. This is the tool you use for two reasons: (1) Shows when an asset is overbought or oversold, (2) Compare trendlines on RSI to trendlines on chart to look for bullish or bearish divergences . --- If anyone thinks I'm doing this wrong or has any pointers, please comment! I like to learn.
Long
by RootDigger