Support range: 0.814-0.949

Tezos / United States DollarCoinbase

Description

⋅ Dec 4, 2023 11:06 PM

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(XTZUSD chart)

In order for a full-fledged upward trend to begin, the key is whether it can rise above 1.338.

(1W chart)

To do so, we need to check whether we can break through the support and resistance range of 1.017-1.159.

However, since the volume profile section is formed from 1.631 to 2.088, the increase is likely to be limited.

(1D chart)

The key is whether it can receive support in the box range of 0.814-0.949 and rise beyond the 1.017-1.0601 range.

To continue the upward trend, it must break upward around 0.957, 1.127, 1314, and 1.556.

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- The big picture

The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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Comments

mikroland

⋅ Dec 5, 2023 9:22 PM

xtzusd should go much higher than 10$ in this cycle.

readCrypto

⋅ Dec 5, 2023 9:31 PM

@mikroland, All you have to do is make a profit by trading according to the current price trend.

Before setting a target point through prediction, it is a good idea to first consider whether a strategy has been created that can reduce losses in the current price trend.

If you have selected a coin (token) that fits your trading strategy, you will need to somehow make a transaction to increase the amount you hold.

A lot of thought needs to be given to how to increase the quantity held.

mikroland

⋅ Dec 7, 2023 12:48 PM

@readCrypto yes you are right. buy the dips and sell the rips is the only reliable strategy I know to do just that.