New ATH for TezosOver the next months XTZUSD will reach new ATH. The weekly bars have long wicks (green arrow), reaching to the 21-weekly EMA, which is bullish. The downwards trendline (red) will soon be broken, and later, the blue channel will be left to the upsite.
Anyway, tezos clearly showed a corrective pattern during the last years corrresponding to a wave b of an abc correction (which will be a running flat). Therefore perhaps during Q2 of next year a brutal downmove is to be expected.
XTZUSDT.P trade ideas
₿ XTZUSDT 1W ₿ : 03.Oct.2021 : Long ✅🚀Well, as we know , According to the first time we introduced this currency and offered to buy it, this currency has gained 115% profit . Now is another great opportunity. the TEZOS is powerfully trying to break the Pitchfork midline resistance for the third time ... From here, we can expect at least 50% profit from this awesome cryptocurrency .
⚠️ This Analysis will be updated ... BINANCE:XTZUSDT
👤 Arman Shaban : @Ar_M_An_4
📅 03.Oct.2021
⚠️(DYOR)
🔥 XTZ Triangle Pattern: Consolidation AheadSince earlier in September, XTZ has been trading inside a consolidation pattern. At the moment, a clear triangle pattern can be drawn from connecting the most recent tops and bottoms.
As far as I'm concerned, XTZ has more room to fall. I'm expecting a strong reversal from the bottom of the triangle, targeting the top of the triangle.
Happy trading!
XTZUSDT: BREAKOUT SYMMETRICAL TRIANGLE, ALTCOINS SHORT SIGNAL?Hello Enthusiast Coin Traders! Here's short-term outlook for XTZUSDT, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
XTZUSDT has broken out of the symmetrical triangle pattern. Breakout of symmetrical triangle pattern indicates the possibility of bearish movement. The momentum indicator is crossinng below the zero area, it signify the potential downward movement to the target area.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
#XTZUSDT Daily Chart
After reaching the 4h supply zone and getting rejected heavily from it twice, price is now ranging in a symmetrical triangle. Indicators are not showing clear directions as we would have expected, MACD is showing mixed feelings and RSI is at 50% with price sitting on EMA ribbon. I expect price to reach the 1h demand zone before moving upwards again. However if a breakout occurs from the support line we would be expecting price to reach $3.916 and $3.088 respectively.