-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
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XTZUSD H4: BEST Level to SHORT IT 15% gains(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses
short and mid term.
🔸 Summary and potential trade setup
::: XTZUSD 2hour chart review
::: 2.31 heavy key
::: H*S BEARS in progress right now
::: 2.31 is mirror S/R and RIGHT SHOULDER
::: expecting 15% correction
::: shorting from KEY is good
::: BEARS will target recent cycle lows
::: TP BEARS is +15% gains
::: targets based on swing extensions
::: get ready to short from highs
::: best reload BEARS 2.30 USD
::: recommended strategy: SHORT IT 2.30
::: TP BEARS 15% gains
::: short 2.30 / short rallies/rips
::: SWING TRADE: SHORT/HOLD IT
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS
Fundamentals are strong, corporate and institutional interest is rising (more corporate bakers are joining Tezos every week), and the Tezos blockchain is being used to prepare the Digital Euro.
Don't full yourself, it's time to accumulate at lowprices (current channel low is around 2.07), before we reach next ATH (hopefully in the next 2 month if BTC holds). For 20$+ price, truth is more data needed before any claims can be made. But Link's pathway showed us the potentiality, on the short run.
On the very short term, sideways action, consolidation, then strong bullish phase. This analysis must be reassessed if XTZ price drops below 2$ resistance (not speacking of a bear trap).
Good trading to all (but ProjectSyndicate).