Hey guys. Here is an IDEA for XTZUSD(T). Indicators and volume show XTZ looking bullish... A goog buy area would be around the $6.00 area.
Note that it is possible to see a wick below the $6.00 area so don't set stop loss too high!
However knowing when to EXIT a trade that is not going in your favor is very valuable! In this case we have a potential Head & Shoulders forming If XTZ breaks down a bit below the $6.00 area and this is would bring some nasty downside targets near the $2.00 area. I DO THINK THIS SCENARIO IS HIGHLY UNLIKELY but it is important to be aware of!
I do expect price action to move in correlation with BTC here as usual but if support is strong at $6.00 and BTC moves upward there is some good potential gains here. First, about 13% at the "weak resistance" and if XTZ tests the major resistance area we're looking at a NICE 25-30% GAIN!
I will re-evaluate as the situation makes major changes so follow me for updates and also check out my Twitter (link below)
(Disclaimer: I am not a financial advisor and it is important to do your own risk assessments prior to investing or trading anything. This IDEA is based off of my experience with Technical Analysis and depends on many variables)
Note that it is possible to see a wick below the $6.00 area so don't set stop loss too high!
However knowing when to EXIT a trade that is not going in your favor is very valuable! In this case we have a potential Head & Shoulders forming If XTZ breaks down a bit below the $6.00 area and this is would bring some nasty downside targets near the $2.00 area. I DO THINK THIS SCENARIO IS HIGHLY UNLIKELY but it is important to be aware of!
I do expect price action to move in correlation with BTC here as usual but if support is strong at $6.00 and BTC moves upward there is some good potential gains here. First, about 13% at the "weak resistance" and if XTZ tests the major resistance area we're looking at a NICE 25-30% GAIN!
I will re-evaluate as the situation makes major changes so follow me for updates and also check out my Twitter (link below)
(Disclaimer: I am not a financial advisor and it is important to do your own risk assessments prior to investing or trading anything. This IDEA is based off of my experience with Technical Analysis and depends on many variables)
Comment:
Great buying opportunity here if you ask me! I EXPECT A BOUNCE as the market is currently reaction OFF OF OLD "NEWS" from China Central Bank which REALLY was posted on SEPT 15th t.co/iZLPyeTxfO?amp=1
Trade closed: target reached:
This XTZ trade played out nicely. The wick below $6.00 happened as predicted. Also XTZ gained a good 27% from that area! It was an excellent trade opportunity!
More to come guys. Follow me and share please. I'm trying to reach more people, to help more people and to divert them away from some extremely reckless "traders" on YouTube and such. All of the sharing and following is very much appreciated and as my follower base grows on Twitter I have some very special Ideas in mind for my first followers. Thank you guys!
More to come guys. Follow me and share please. I'm trying to reach more people, to help more people and to divert them away from some extremely reckless "traders" on YouTube and such. All of the sharing and following is very much appreciated and as my follower base grows on Twitter I have some very special Ideas in mind for my first followers. Thank you guys!