TRYX ANALYSIS | XTZUSD |XTZUSD we have three support areas for the next period from where we follow long transactions. Here we have an excellent risk to reward
XTZUSD trade ideas
XTZ Daily Review & 2 Possible StoriesXTZ at Daily chart is at very important place named " Liquidity Base "
thats the last base of compression
if it engulf this base we have sell story :)
our confirmation is william PR indicator and Cp moves up and strong weekly Supply above that works perfectly
but it can provides a good buy even it engulf the LqBase
helped by priceaction and RTM & ICT METHODS & ORDERFLOW & SMARTMONEY CONCEPT
sincerely BEARBOURSE
XTZ Long term Trend Line TestingJust drawing and posting this to keep things in mind.
XTZ is on the green line of long term support.
Interesting to see if it holds.
XTZ Daily ChartBullish structure on Tezos. Still working on the count but trend looks good for now. First target should be 100% of a, around 5 usd.
XTZ/USD daily M patternFundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin
Technical: There is a daily M pattern that has formed depicted in white ( bullish ). This pattern completes at the neckline depicted by green. There is also a double bottom that has printed (blue). The weekly chart has printed a triple bottom depicted by yellow ( bullish ). Lower timeframes will be analyzed to determine entry point.
XTZ broadening wedge#XTZ/USDT
$XTZ is inside weekly broadening wedge pattern, and price is near lower line.
🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line.
break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels.
🐻 break down from lower line of wedge will drop price to support around $1.5.
TEZOS uptrend intact; If BO Vol Profile zone;next 2 FIBO targetsTEZOS is holding the 3.23 to 2.72 Volume Profile support zone & is now trying to break above it with a higher high & a higher low in place.
If it succeeds in breaking above the black anchored VWAP from recent low & then cross above the nearest GANN line, then the next 2 FIBO levels will be targets. (See chart for TPs 4.48 & 5.37)
Rejection from VWAP or GANN line will see a retest of the blue uptrendline or even the violet VP support zone low at 2.72 (violet uptrendline). Also notable are the 2 potential triangles forming.
Not trading advice
Game plan for XTZ TEZOS
According to my game plan, which I published on March 8, Tezos hit exactly 1 target (4.13 USD) and returned to the support it has held since 2018.
I see the possibility to repeat 1 target or even target over 5 USD.
The possibility of a false break under the support to activate the stop loss.
Not the financial board.
Just for fun.
Tezos bullish reversal pattern in play.Tezos prices have been trading in a bullish trend since the beginning of the year, with prices rising from a low of $1.32 to the current high of $3.43. The overall trend is still very much intact and there is a strong possibility that prices could continue moving higher in the short term. The next major resistance area for XTZ prices is at the $3.45 level, which is where the 100-day moving average currently sits. A break above this level could see prices move towards the $3.50 level.
Tezos prices have been on a tear over the past 24 hours, rising from a low of $3.34 to a high of $3.43. Prices are currently trading at $3.42, which is just below the major resistance at $3.43. Tezos market capitalization is currently at 3 billion with a 24-hour trading volume of $73,222,919.87.Tezos overall price movement has seen a continuation of the bullish trend that has been in place since the opening of the daily trading session.
Tezos price analysis shows the bulls have come together to push prices higher after a period of consolidation. Further upside is anticipated as the MACD line is headed towards the zero line, an indication of a continued bullish trend. Prices are also trading well above the 200-day moving average, which is another indication of a continued uptrend. However, prices could face some selling pressure at the $3.45 level, which is where the 100-day moving average currently sits. The RSI indicator is currently at the 67 level, which shows that there is still some room for prices to move higher before becoming overbought.
Conclusion Tezos price analysis for today reveals the market has the potential to rally towards the $3.45 level in the short term as the bulls maintain control of the market. Prices could face some selling pressure at this level, which is where the 100-day moving average currently sits. However, a break above this level could see prices move towards the $3.50 level.
TEZOS: WHICH WAY?Following the clear channel we are in a good point to start long posizion, but obviously we do not forget to use stop loss if our purpose is only to trade for a short period of time.
Imo this is the more clear scenario in the crypto space:
- if you want to short, waint until confirmation below che yellow line
- if you want to make money, long here and set a stop loss as mentioned before is a safe trade.
Let me know if will be usefull.
seXTZXTZ still looks good, above resistance and tending up above the 50 SMA on the daily chart. Here’s the weekly chart as a reminder of the overall move possible
Wondering if this is the new support levelWith the recent crypto pump, im wondering if we established new lines of support or if it will return to its 3.10 reign. Give me your thoughts.
Will XTZ recover ?XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past.
There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc.
At the time of writing this report, XTZ is trading at $3.17, a further drop to $3.00 – 2.54 is possible, but not certain.
A trendline breakdown, at its own, is not the proof of reversal.
A break and close below the in the 1W TF may result in a deeper breakdown to $2.10.
In the long run, with the current situations there is no worrying signs for a bearish reversal in the market.
For long positions:
Take profit targets are: $13.21, $15.73, $19.81
Stop loss or alerts below previous week or month low depending on your time horizon.
In any case R/R ranges from 8.39 to 21.77. Consequently, it is a worthwhile trade/investment.
Resistance zones in a new update.
If I help you with your trading plan, like, follow me for more ideas & in my social media for more updates in the crypto market.
Will XTZ recover ? Part 2XTZ bounced on support at relatively high volume, while yesterdays green candlestick is bullish sign at least in the short term. If you don't bought the dip, you may enter the market in the next correction. The most obvious scenario is that price will rejected near the bearish trendline and return at the bullish trendline.
Trading is a probability game. There is no perfection in that.
Market is unpredictable. Stay to your plan. Do not panic sell.
Not financial advice. DYOR.
What Is Tezos (XTZ)?What is Tezos? Still in a downtrend, the local level of $ 4.5, until it is broken, you should not buy.
XTZUSDT BUY LIMITTrade using screener combined with orderblocks method, money management is on your risk.
XTZ is expected to rise from the bottom.The following are machine translations:
The overall trend in history fluctuated upwards.
Every time the deep pullback to the rising trend line can almost stop falling and rebound.
This time is no exception, touching the trend line and rebounding.
Uptrend lines can be viewed as a bottom for each deep pullback.
Here the uptrend line and the downtrend line form a triangle pattern.
At present, it has broken through the triangle pattern, and the bottom has risen.
Multiple single layouts are possible.
XTZUSDLONG-TERM: Double Bottom at the PCZ of a bullish shark lining up with support. (not financial advice)
tailoring position sizes for looser stops is important*
XTZ LONG POSITIONMarket just finished 1 to 5 Elliot wave and a Flat ABC correction, we are expecting to see retrace to a 50% fib zone, since we just bounced off of a strong demand zone
Indicators:
AROON: Shows strong bullish momentum
EMA: We crossed 20 EMA zone and close to crossing 50 that means we are going bullish
entry: 3.30
Invalidation: 2.82
Target: 5.99
Modern Problem Requires Organic GrowthHello cryptospace, today I'm gonna share my idea about tezos final consolidation. As we can see on daily chart that $XTZ all time high was around $12 on Dec' 17. So from my point of view the biggest problem with $XTZ is its inability to generate a new ATH since 2019. But if we take a look back, Since Jan'22 low, we can see bearish divergence indicator as $XTZ capability to maintain its higher low as seen in both rsi divergence and obv oscillator. So I'm expecting $XTZ final rally could only make a lower high compared to Oct' 21 high. Finally, a healthy correction will likely take place which sub $2 could be the worst scenario.
This is not a financial advise, so do your own due dilligence before you make your own decision.
Tezos accumulation cylinderIf the market doesn’t puke , I am looking for a Livermore accumulation cylinder to play out. 20$ or so range.
http://www. amarketplaceofideas.com/reminiscences-stock-operator-jesse-livermore. htm
