XTZUSDT - Resistance Test ⚠️⚠️XTZ is making moves but testing now major resistance. I see other names doing the same. The thing is that after this resistance there isn't much resistance because we dropped hard in that area so now it can move up fast.
But you need to keep in mind that currently it still is resistance. I will be interested in a higher low with a new attempt to break resistance.
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XTZUSDT trade ideas
Update For XTZ/USDT Analysis
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for XTZ/USDT, the price is trading around 4$ .
Tezos has been able to crawl itself up and raise in an ascending channel , Although itwas able to achieve the desired goals as I predicted in the recent rally, but we have not seen a strong uptrend from it compared to other altcoins on the market. The price has recovered after falling and hitting the bottom of the channel and reached above the EMA20 and 50 , which is an upward sign for it.
It also has green support around $ 2.5-3 and I do not see significant resistances up to $ 6.6. If the Altcoins market becomes too bullish ,it can handle the middle of the drawn channel, even reach the its upper ceiling in the long run.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
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XTZUSDT🌟Tezos began the cycling of rising recently and its now in a good shape to enter or invest for long term situation
🌟the cycle will have some pullback and dips too but the overall bias is certainly bullish and heads for our targets
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🆓Tezos (XTZ) Aug-19 #XTZ $XTZThe buying power has appeared at the important support area at $3.2, if it does not lose this zone, in the next few days, XTZ will increase strongly to the area of $4.3 and $5.5. But if it loses the $3.2 zone, it will fall back to the $2.6 zone
📈BUY
🔴Buy : 3.12-3.28$. SL if B
📉SELL
🔴Sell : 4.2-4.4$. SL if A
🔴Sell : 5.4-5.6$. SL if A
♻️BACK-UP
🔵Sell : 3.12-3.28$ if B. SL if A
🔵Buy : 2.54-2.66$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Tezos XTZUSDT - Ascending channel + Next target- Tezos XTZ Rank #45, Volume 24h $141,285,330.
- On the chart we an spot an ascending parallel channel.
- RSI is prepared for another pump.
- Last time - Rejected by 0.786 FIB and ascending channel!
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XTZUSDT It is better to upload above the yellow zone, but this is at your discretion... You can also find an entry point at the current price
XTZ is located in a channel that everyone clearly sees, let's assume that a rebound occurs, then:
1. we have a minimum global goal of about 180% growth.
2. There are local areas/zones that will be possible serious resistances and local targets. It depends on how you trade, withdraw profit in parts as you move, or is traded from zone to zone.
3. Blue dotted line - less strong, intermediate resistances between zones, but also significant possible intermediate goals.
4. When the historical maximum is broken and the assumption is that this channel was part of the first wave, the correction is -2 wave, that is, an increase to 11-14.... But this is too far away, I would not think about it seriously.