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.
XTZUSD trade ideas
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.
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.
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.
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.
XTZUSD (4H) Bearish reversalHi Traders
XTZUSD (4H Timeframe)
Waiting for the downward break of $2.84 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of $3.25 would cancel the bearish scenario.
Trade details
Entry: 2.84
Stop loss: 3.25
Take profit 1: 2.60
Take profit 2: 2.20
Score: 5
Strategy: Bearish reversal
XTZ/Usdt Trendline breakoutWe have trendline breakout and retest ready. Wave trend and VWAP going into right direction.
XTZUSD D1: 350% gains BEST LEVEL TO BUY/HOLD(SL/TP)(SWING)Why get subbed to me on Tradingview?
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XTZUSD D1: 350% gains BEST LEVEL TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTING.
🔸 Summary and potential trade setup
::: XTZUSD 1days/candle chart review
::: updated outlook still valid today
::: CORRECTION MODE next 1-4 weeks
::: correction just started not OVER
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: BUY LOW later
::: entry - after 30% CORRECTION
::: up to 350% gains possible later
::: short-term pullback/correction
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +350% gains
::: details: see chart
::: FINAL TP is 350% gains
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +350% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/REVERSAL/350% GAINS
::: Sentiment short-term: PULLBACK/CORRECTION NOW
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Past performance is not indicative of future results.
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