XTZUSDT trade ideas
XTZ Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
SEED_DONKEYDAN_MARKET_CAP:XTZ is in a downtrend, hovering above the support trendline at $0.619. With the current price holding the support, XTZ will likely test the resistance trendline at around $0.981.
If the price breaks above the resistance, we are likely to see a bullish trend exploring the higher side of the chart.
Key levels:
- Support/Entry: $0.6 to CMP.
- Primary Resistance: $0.981.
- Long-term Target: All-Time High ($9.171).
- Invalidation Point: A close below the support trendline.
DYOR, NFA.
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XTZUSDT Analysis: Is a Big Move on the Horizon?Yello Paradisers! Ready for another deep dive into the #XTZUSDT action? Let's uncover what's brewing and how you can navigate the market like a pro.
💎Currently, SEED_DONKEYDAN_MARKET_CAP:XTZ is sitting pretty within a crucial support zone at $0.740. This position hints at a potential upward swing, provided it maintains its current momentum. A breakthrough from this level could see it breach a major supply zone.
💎Reflecting on recent performance, SEED_DONKEYDAN_MARKET_CAP:XTZ has shown resilience. After hitting lower lows, it has managed to restore momentum and rebound to previous support levels. Now, it's crucial for SEED_DONKEYDAN_MARKET_CAP:XTZ to surpass the descending resistance and hold a strong position at the support.
💎This scenario significantly increases the probability of an upward move. The recent completion of the retest phase, coupled with a firm hold on multiple EMAs, suggests that SEED_DONKEYDAN_MARKET_CAP:XTZ is gearing up to surpass the descending resistance.
💎So, what's the game plan? Exercise patience and wait for a proper breakout above the resistance level before making any trade moves. As seasoned SEED_DONKEYDAN_MARKET_CAP:XTZ traders know, cryptocurrency markets are like strategic games. While the current bullish momentum is promising, it's wise to have a contingency plan (Plan B).
💎If SEED_DONKEYDAN_MARKET_CAP:XTZ fails to capitalize on this momentum and starts to decline, look for a rally from a lower demand level around $0.669. A breakdown below this point would invalidate the bullish outlook, leading to a significant price drop.
Trade smart, Paradisers! Stay disciplined, patient, and focused. This is the only way you can make it far in your crypto trading journey. Be a PRO
MyCryptoParadise
iFeel the success🌴
Tezos (XTZ): Possible Bounce From Local Support / Will Drop MoreTezos is looking sweet after another rejection from upper zones.
As price has been dropping steadily we are looking at candlestick moves here mroe than regular patterns and zones.
With each daily closing below local resistance zone we will be looking for zone to be reached within the next 10 days from where we ill be looking for smaller bounce or bigger one 👀
Swallow Team
Long XTZ - Potential Reverse Head and Shoulder#XTZ is at the monthly support.
It is a bit early to tell but potential reverse head and shoulder is forming.
the previous day hammer candy is a good bullish sign.
Invalidate if price go below the monthly support.
Bitcoin is on the steering at moment. Rebounded at monthly support as well.
Idea - not financial advice.
#BTC #XTZ #ALT
Tezos KDJ signalXTZ is very undervalued ..and needs to play ketchup with the alts price performance winners.
We may remember may 2021 when Red Bull Formula 1 Racing Team Partners With Tezos
and Tezos ending Red Bull sponsorship deal - in dec 2022.
Tezos is a self-upgradable and energy-efficient Proof of Stake blockchain.
News from Twitter- indicate the project is active: tzBTC 2.0 has arrived! 🔥
Decentralised, transparent and now even more cost-effective: tzBTC 2.0 has launched.
XTZ/USDT It required to bounce for back to upward movement!💎 Paradisers, #XTZ has recently experienced significant market dynamics. Currently resting on the demand area, #XTZ needs to bounce for a potential upward movement and retesting of the resistance level. Previously, #XTZ faced rejection at the resistance area, highlighting its significance.
💎 However, if #XTZ successfully breaks above the resistance level and reclaims the price, it could signal a bullish continuation towards our target area.
💎 Conversely, if #XTZ fails to bounce and breaks below the demand area, it could indicate weakness. A breach of the support trendline would further confirm a bearish outlook, potentially leading to a reversal in price direction.