XTZ has broken the long resistance - time to go upFirst thing, red resistance line has been broken coming from many months back. Price is indicated to have a good bullish +30% to +40% in the coming month, depending on BTC stability.
In that case, I have marked the local resistance zone.
For a quicker time frame we are actually in a resistance zone right now, and it's very much possible that it will go down towards $2.00 before finally going up. But please keep in mind, overall XTZ is bullish on long term. (4-6 months)
I am linking the shorter time frame (45 min candles) chart below, so you can keep track. With the daily chart above, now you can keep track of important zones.
Good luck!
P.s. I walk the talk, and my trade performance can also be seen on the 45 min chart below. Scroll to the bottom to see my net profit in one year! and my success rate.
XTZUSDT trade ideas
XTZ/USDT setup but which way?Hey Traders,
We are looking at XTZ today. we see how the ascending triangle is forming and we were almost about to breakout but BTC had other plans which dragged everything down. If we are staying inside this triangle we have a chance for a breakout but once we 4hr candle secures the zone below that triangle then that would be confirmation for going to $1.88.
Where do you think it will go?
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
XTZ is moving into ascending pennantHi everyone
the price is now forming an ascending pennant... so there is a big chance
the candle manage to break above our local resistant level( yellow dot line)
Only if the price can close above the line, upward pressure make sense.
target will be between 2.4$ and 2.55 or testing the top line of our pennant.
Bollinger bands and Ichimoku both indicate on bullish scenario right now.
our support level would be around 1.9$ level.
Enjoy the market
XTZUSDT 1D🔥 Breakdown of the ascending wedge!!!Now the asset is in the zone of an ascending wedge on the daily timeframe, the pressure goes to the lower limits of the wedge, thereby I expect a breakdown of the pattern, I think you can go from the lower limits of $ 2 to set a take profit of $ 1.7
Good trading to all!
✅Do not forget to visit the channel there is a lot of useful information about trading.
XTZ/USDT: On Buying area, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
XTZ/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets XTZ suffered about negative global market situation.
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves .
Market configuration
- Graphical Elements :
Graphical Resistance = 2,90 & 9,17
Graphical Support = 0,78
- Mathematical Indicators:
EMA ( Exp Moving averages) are now slowering their drop with the faster one already support = Neutral
RSI indicator (below) is bouncing off key support, a reintegration of the 50% area is in progress = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 1,93
Fibonacci resistance of the wave in progress = 2,90
Fibonacci support of the wave (c) (B) (max extension) = 1,46 (auto-similar move = Channel)
Fibonacci Bullish Target = 5,90
Conclusion
Preferred case => Regarding the mid-term element, XTZ is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 2,90 and 5,90 as long as 1,46 remains support - In extension a larger rise towards the previous top at 9,17 can't be ignored
Alternative cases => Breaking 1,46 tactical support a significant drop will occur within a global bearish market pressure. In this way 0,78 will be reached.
XTZ pattern breakout XTZ / USDT
Price broke-out the bullish pattern on its fifth try
the overall market still in bear/ sideway
However this is bullish momentum for XTZ
if price able to hold above resistance line for next few hours expecting more bullish movements and first resistance is around 2.55$ (first TP )
Best of wishes
XTZUSDT is going to have a breakout from the triangleThe price is testing the 4h resistance on the triangle.
The price had a breakout from the dynamic resistance and now the market is testing the 0.618 Fiboancci level. If you look on the left you can see that the price has a supply zone on 2 - 2.1 $
How to approach it?
The price needs to create a clear breakout from that area.
If the price is going to get momentum and volumes, According to Plancton's strategy, we can set a nice order
#Tezos Prints Higher, Will XTZ Edge Past $2.2?Past Performance of Tezos
The dominant trend in the short term is bullish. Gleaned from the formation in the daily chart, buyers have the upper hand. Risk-off swing traders may find loading opportunities to buy the dips with targets at immediate key resistance levels. In the past 24 hours, XTZ is up four percent and stable in the previous trading week.
#Tezos Technical Analysis
Tezos is inching higher, trending inside a rising channel above the middle BB in a bullish breakout formation. Even though prices are within an ascending channel, traders may find entries to buy Tezos above the flexible support line and $1.80. On the other hand, risk-averse traders can wait for a clean break above $2.2 and last week's highs before riding the wave with targets at $2.5 in a possible retest. A recovery is likely following the 57 percent correction from 2022 highs. Depending on the reaction at $2.5, the move up would be a retest or a buy trend continuation pattern. Conversely, losses below $1.80 and the ascending channel would invalidate the bullish preview, setting sellers in motion.
What to Expect from #XTZ?
Buyers are optimistic, as per the arrangement in the daily chart. However, a close above $2.2 will be crucial in determining the immediate term price trajectory following double-digit losses from the beginning of the year.
Resistance level to watch out for: $2.2
Support level to watch out for: $1.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
xtz 6.6.22XTZ i am back in layering in to this one again. I know its been years. Tezos til we bezos?
We cant ignore fundamentals but they really dont apply as much in a fear trend. Spread your bets out. keep some ether and btc. Dont go all in on s coins. I know you guys love your special beanie babies. but its important to remain objective
#XTZUSDT 4H Chart
Price was recently in an uptrend after tapping into the 2h demand zone and recently left a 4h demand around $2. MACD is showing bullish momentum, RSI is bought and EMAs are turning bullish. Price is currently testing a 2h supply zone however we may see it reach the extreme at around $2.15 before moving down towards the freshly printed demand.
XTZUSDT ! Price recovery. Trend change. Growing upXTZUSDT broke the downtrend some time ago after a false break of 1.600 support. The price, after the formation of a pre-breakdown consolidation, forms an upward price exit with an impulse to resistance 2.270, after which the coin begins to form a local upward channel, which continues to exist at the moment
I guess that the price growth will continue, in the short term I am interested in the resistance of 2.434 and 2.831, and in the medium term - the liquidity zone of 3.297.
Sincerely, R. Linda!
#Tezos adds 30% from 2022 lows, will XTZ Hold above $1.75?Past Performance of Tezos
Tezos prices are retracing from recent highs, reading from the performance in the daily chart. Although there were hints of strength, the failure of bulls to push prices above $2.20, or last week’s highs, should be a concern. Technically, sellers have the upper hand provided prices are below $2.2, the immediate resistance line, from a top down analysis.
#Tezos Technical Analysis
Technically, the current XTZ coin formation favors bulls following gains above the middle BB. At spot rates, XTZ is up 30 percent from 2022 lows. Even so, sellers are in control from a top-down analysis as previously mentioned. This is because XTZ prices are still inside the May 9 to 12 trade range despite gains from May 12. Unless there is a firm close above $2.20 and May 9 highs, the current expansion could be an attempt for a retest. In that regard, aggressive traders may accumulate on pullbacks as long as prices are above $1.75.
What to Expect from #XTZ?
Prices are recovering after sharp losses from early April, which saw Tezos plunge by 64 percent. Although bulls are confident, the path of least resistance is southwards in the short-term. Still, there could be an opportunity for bulls in the immediate term provided prices trade above $1.75, in continuation of the recent trend in a welcomed retest of $2.57.
Resistance level to watch out for: $2.20
Support level to watch out for: $1.75
Disclaimer: Opinions expressed are not investment advice. Do your research.
XTZ Channel - educational breakdownThese mini channels that form are usually continuation patterns. The price will fluctuate a little bit within them, maybe touch the bottom or top 3-4 times, before making a break for the up/down side. We like to see them because they continue the trend before it entered this pattern.
In our case, it's coming from a mini rally that started, and then slowly formed into a channel pattern. That means this pattern indicates a continuation of the bullish trend, and hopefully a few higher jumps in price.
All that aside, we have still have to work with our resistance/support zones at all times to see how far the price can move *up or down*.
The two orange lines I've drawn were previous support lines, and it seems to have formed a sort of support, it's not very concrete, but it's definitely using them as mini trendlines. If the price goes higher I think $2.25 is totally reasonable up to $2.4.
If the price goes lower, which sometimes it does, then around $2.04 is the support from the orange line #1.
Let's hope for the best. Our strategy at the moment is indicating a long, and it hasn't suggest a close yet. That strategy is working on momentum oscillators and some other funky stuff
A quick reminder, XTZ is great when Luna is doing bad. Remember my words.
I won't be posting XTZ updates for a bit, as the daily chart given below should cover most of it.
📈XTZ: pullback and trap by the whales! Should you open a long?📊Tezos (XTZ) looks stronger than the most of altcoins. After the fall, it almost didn't consolidate and started to grow, which shows high demand.
But a local pullback is possible. How will it happen?
📊The price is now in a triangle and a pullback is possible under the lower boundary of this triangle in order to collect liquidity (stop losses) of long traders below key level $1.76. False breakout return the price in the triangle zone and make short traders, who will open shorts on a breakdown, push the price higher and higher, closing their losing trades.
🚩It's essential to look at volumes. Exactly on the volume indicator we can see the confirmation of our idea. The growth of volumes will show that a large number of trades have been made, which means there is interest from a big player.
✅The first target will be the key level of $2.88.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
XTZ/USDT Update 📈📉HEY, SUP Guys !
What happened for TEZOS !
In The last analysis that I posted for XTZUSDT , it climbed up to pivot zone but bulls wasn't able to overcome this zone , then it has been declining so far and reached the last lower support lvl ( -60 %🔻 🎯💰 ).
So today as we can see in the 1W time frame for XTZ /USDT , after a huge drop, it has managed itself under the PIVOT zone as a resistance area
and abot the S-R lvl although there is a possibility to decrease again ,but if bulls be able to increase the price on the pivot zone, then according to bar pattern it can rise again and reach higher resistance zones !
but if weekly candle closes blow S-R lvl there is the possibility to retest lower support lvl and then start to rise again from there!!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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