XTZUSDT trade ideas
XtzSince entry at 4$ took a lot of profits at 5.40 expecting bigger rejection. We actually seem to be holding well and flagging at long term resiatnce. My ideas is a break above 5.78$ should be striaght momentum here. Will have to keep our eyes on it but it’s looking pretty damn bullish. Closing daily’s above 5.77$ should be a moonshot engaged
XTZ - potential trade ❗❗A potential XTZ deal.
Accumulation
Price squeeze
Higher lows
Potential target marked above
Buy after a breakout or retest of the $5,6 level as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
🔥 XTZ Break Out After ConsolidationXTZ saw an incredible run up in August. Since hitting the area between $6 - $6.15, XTZ saw a bearish move and traded sideways for over a week.
With most of the crypto market going up, XTZ is one of the tokens which has been lagging the market. As of today, these lagging tokens are starting to see more bullish price action.
For now, the main target area is between $6 - $6.15, potentially higher if we're going to see strong bullish pressure over the coming days.
Happy trading!
Tezos is forming a bullish continuation movementTezos with some released news and their full participation in NFT minting and sales has made it a good project to watch for now.
On the weekly chart it has formed a bullish Harami pattern which signifies a bullish continuation movement while on the daily chart it has just retested a previous support and moving back upwards. Watch out for it or rather hodl on to it.
XTZUSDT is testing the 0.618 Fibonacci LevelXTZUSDT is testing the 0.618 Fibonacci Level after a nice bull run and after a rejection from the weekly resistance. IF the price is going to have another breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
🔥 XTZ Long-Term Target UpdateAround a month ago I made a long-term analysis on the bullish channel in which XTZ was trading. $7.50 was my long-term target for this token.
www.fierytrading.com
With the huge bullish moves we've seen over the last few days, XTZ is on its way to reach the target a lot sooner than initially anticipated.
With BTC still being relatively bullish overall, I'm anticipating that the $7.50 target might already be hit in the coming week. Potentially, we might get a wick in the $8 - $9 region.
Happy trading!
My Golden Rules - using XTZ for Analysis ExampleTimeframes I use 5min for this but unable to publish at those lower timeframes but I've found an example recently where the rules lined up on 15m timeframe.
Step 1 - 2x MTF EMA (one set at 60min with 50EMA and the other set at 15min with 50EMA) The 15min must be above the 60min for a LONG
Step 2 - Looking for Lower Lows on the chart
Step 3 - MACD making a Higher Low below the ZERO line matching with the charts Lower Lows. The line should not cross the zero line between these two points
Step 4 - Check Stoch RSI at at min. 1 HR time frame (looking between 0 -20) and on uptrend
Step 5 - On first green candle (circled) to upside on MACD is the purchase zone. In this example it is shortly before the break of the downward trendline. Also possible to wait for break of line and buy on retest.
Step 6 - Set SL below the support line no more than 2%. Set profit target - usually take 3:1 R:R
Step 7 - Sit back and watch those nice green candles climb!
Can easily get stuck in charts at the lower time frames so be sure to always ZOOM OUT to 1hr / 4hr to get a better overall picture. Some Simple Gap Analysis can help to confirm the next general direction
Took me a month of gamble trading winners and losers to come up with this set of Golden Rules.
Don't forget Bolinger Bands! great for 1% snipes :)
Good Luck