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XTZUSDT.P trade ideas

#Tezos Stabilizes, but XTZ Is Bearish Below $2Past Performance of Tezos Technically, XTZUSDT remains in a bear breakout formation despite recent gains at the tail-end of last week. Tezos is trading at near 2022 lows, posting lower lows versus the USDT when writing. The coin is down four percent in the past 24 hours but at near break-even in the past trading week. #Tezos Technical Analysis Presently, XTZ is in a tight $0.05 trade range with clear resistance at $2 and $2.6. In the immediate term, the coin has support at $1.5, flashing with 2022 and last week's lows. Since there are lower lows and prices are within May 12 bear candlesticks, sellers may find entries to liquidate, targeting $1.5 in the short term. On the reverse side, sudden flash gains above $2 may trigger demand, pointing to price reversals (XTZ bottoming) and the current consolidation as accumulation. In that case, XTZ may float to retest Q1 2022 lows of $2.6. What to Expect from #XTZ? The primary trend is bearish and XTZUSDT below the middle BB. The failure of buyers to build on last week's gains points to general weakness and dominant sellers. Nonetheless, the tide could shift if XTZ floats above May 12 highs, setting the ball rolling for a possible surge to Q1 2022 lows. Resistance level to watch out for: $2 Support level to watch out for: $1.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
XTZ ascending triangle - close to breaking it, becoming bullishLet's hope XTZ breaks the ascending triangle. The resistance area is expected around 2.2, and the local support area around 1.48. However, let's hope it goes for the best! We love Tezos, and it's currently around its yearly bottom as well. The chart below outlines are trading indicator which is still in a long phase, however, it should have shorted a while back. This is why chart patterns are useful in addition to indicators!
by BARSTrading
XTZ at lows - time to buy?There is a lot of potential here as we are near all time low supports, ranging around the ~$1.3 mark. I have outlined the zones in the chart. The red zone is where there will be a lot of resistance. Green is the buying zone, and expect volatility here. The black trendlines are old support lines coming from many years back. It's currently struggling to keep above the lowest line. Once it breaks this going up, it should be face resistance at the other two trendlines. Is it a good time to buy? Maybe not with your whole bag because BTC crashes are still looming around and it's not showing a lot of bullish strength. To play it safe, it would be best to buy it when it drops down to around ~1.3 , or if BTC goes past 35.5k. Otherwise, let's just play it safe and manage your own risk. Leave a comment with your analysis.
Long
by BARSTrading
#XTZUSDT 3H Chart Price previously tapped into the major daily demand zone from where it bounced from and it is currently moving up from there. MACD is showing bullish momentum, RSI is neutral but EMAs are bearish. Price needs to break above the previous high at $1.94 for short term bullish confirmation, we would then look for an entry aiming potentially for the major 3h supply zone around $2.8 as a FVG (fair value gap) is present below it which needs to be filled with a major level of equal highs below it so huge liquidity is resting at that area as well which needs to be taken out.
by saviour25
Tezos Snaps back, adds 10% but will #XTZ clear $2?Past Performance of Tezos XTZ prices are printing higher at spot rates, adding 10 percent in the previous trading day. Like the rest of the crypto markets, the coin appears to be finding its footing after deep, double-digit losses of the past trading week. Overall, sellers are still in control though the tide could change in the immediate term if XTZ prices are sustained above this week's lows. #Tezos Technical Analysis Tezos bears have been brutal in the past few trading days. As per the arrangement in the daily chart, sellers are still in control. However, the recovery on May 13, reversing the losses of May 12, may signal exhausted bears. Nonetheless, it should be observed that since XTZ prices are within a bear breakout formation below H2 2021 lows at $2, sellers have the upper hand. Optimistic buyers expecting recovery can wait until there is a comprehensive close above $2 before loading on every pullback lower. Conversely, it would be dashing if XTZ slips below $1.4. In that case, there will be confirmation of the May 9 bear breakout, setting the pace for further losses towards $1, registering new 2022 lows. What to Expect from #XTZ? Tezos is within a bear breakout formation as per the formation in the daily chart. The reaction at $2 would confirm whether the bear run is over or the current trend will continue. Resistance level to watch out for: $2 Support level to watch out for: $1.4 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
XTZUSDT AB==CDAB=CD The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
Long
by UnknownUnicorn38199698
XTZUSDT is ready for the monthly support?The price lost the support after the breakout from the channel. the market had the demand zone on the 2.9$ and now the price could flip the demand zone to the supply zone. The price had a false breakout from the monthly resistance on the 3.9$ where the price got the liquidity for the bearish impulse. How to approach? The price could retest the demand zone as new resistance for the next bearish impulse until the monthly support where the market had the 1.27 Fibonacci EXT level. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
16
XTZ | Tezos Clear Bearish TendenciesXTZ has been correcting from its ATH since October 2021. It is like a textbook correction with typical bear market rallies. Tezos is now trading around its main historical support trendline. If XTZ breaks below that, I think we will head towards $2-2.2. However, given the current level and historical upside impetus from the main support trendline that you can see on the weekly timeframe, another rally is also on the horizon. A break out of the falling wedge would be a first bullish sign. The daily chart would turn bullish once XTZ can again scale above any of the higher dashed white trend lines that acted as resistance in the past. Considering the volume profile, I tend to lean towards the bearish side on the macro picture. Let's see how that plays out. Thank you for your support.
Short
by PagaLui
XTZ triangle breakout 📐Tezos broke up this triangle📐 and I think there is chance for run to 5 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 3.242 STOPLOSS (SL) : local low @ 2.857 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 5.080 REWARD RISK RATIO (RRR) : 4.7 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
13
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal. Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!. Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
by DewyCandles
XTZUSDT!! Longterm Bullish XTZ/USDT! Current Price: 3.135 Day Chart Pattern: Falling Channel Weekly Trend: Ascending Triangle Possible trend: Short Term Retracement Pull back to establish Reversal Divergence Possible trend: Long Term Bullish Divergence: Reversal Divergence on Daily Chart Possible Entry: 2.7 - 2.9 Resistance: 4.1 Long term Targets and Resistance 1. 5.4 2. 7.1 BLUE SKY BREAKOUT Possible Targets 3. 9.0 4. 15.7 5. 25.4 May Never Happen 6. 40.2 May Never Happen Stop Loss: Base on a Daily Candle Close. Support 1: 2.7 Support 2: 1.9 Support 3: 1.5 Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
Long
by DJ123