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XTZPERP trade ideas
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XTZUSD: BUY/HOLD NOW TP bulls +80% gains(SL/TP)(NEW)XTZUSD: BUY/HOLD NOW TP bulls +80% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: speculative setup. use FIXED SL.
🔸 Summary and potential trade setup
::: XTZUSD 3week/candle chart review/outlook
::: BULLS still maintain control
::: noteworthy compression and breakout
::: target is 6.80/7.00 based on measured move
::: BUY/HOLD and get paid
::: market buy / buy dips
::: final TP is +80% gains
::: already on the move
::: overall chart looks good
::: expecting PUMP to last until TP
::: BULLS should get ready to market buy / buy dips
::: we are setting up for a nice move
::: recommended strategy: BUY at market / buy dips
::: TP BULLS is +80% gains
::: SWING trade setup / no fast gains here
::: BUY/HOLD / do not expect miracle gains
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/80% gains
::: Sentiment outlook short-term: BULLS/80% gains
H&S on the WeeklyXTZUSD is forming a pretty clear Head and Shoulders pattern on the weekly timeframe. As much as I'm hoping it does not confirm this pattern (we still have 6 days left in the candle), I'm not super confident it will break out. The one fundamental that I think could push it out of the right shoulder is their planned bridge to DeFi, and the bringing of around 20 ERC-20 tokens to the blockchain. That could drive a significant price increase, but I'm not sure when that is planned for release or if it will get the attention it deserves.
If we can't close above the 3.40-3.50 range I could very much see a retrace back to the 1.80-2.00 level.
Keep an eye on this one.
Tezos positioned for its highest monthly closeThe last 6 months have been trying for Tezos holders, but patience might soon pay off. XTZ is currently trading in the $3.50 range, and should it break we could see new all time highs shortly thereafter. If the February close is indeed the highest mark yet, the remainder of 2021 should be electric for Tezos.
XTZThe recent weekly close looked great. Made it to 3.60. Now I'm watching for a weekly close above 3.59 so we can visit 4.24 soon. In the longer term, I want to see a monthly close above 3.25. Get that, and we are going to ATH fast and straight into price discovery. I wouldn't try aand outsmart the market in these bullish conditions. things are about to get soon and very fast